Crypto VC funding week sees $184.1M across eight rounds, led by RQD* Clearing and Fasset

Eight crypto and blockchain projects announced a combined $184.1 million in new financing between August 22 and August 28. The week’s largest deal was a $74 million minority growth investment in RQD* Clearing, followed by a $68 million Series C round for stablecoin neobank Fasset.

Major rounds

RQD* Clearing raises $74 million

New York‑based RQD* Clearing secured a $74 million minority growth investment led by Bain Capital Tech Opportunities, with participation from ABN AMRO Clearing Bank and Nyca Partners. The capital will fund product development and expansion in the United States, Europe and Asia, as well as infrastructure for digital assets and tokenized securities.

Fasset reaches $1 billion valuation with $68 million Series C

Stablecoin banking platform Fasset closed a $68 million Series C led by Japan’s SBI Group, valuing the company at $1 billion. The round builds on a $51 million Series B completed in May. Funds will be used to expand the payment network, develop AI‑based financial tools, and support a planned digital bank in Malaysia.

Other notable raises

• Hivemind Digital Group – $17 million strategic round led by M&G Investments, aimed at expanding tokenization infrastructure and institutional partnerships.
• Entropy – $14 million equity financing led by Ribbit Capital to develop on‑chain perpetual futures markets via its Hyperliquid platform.
• City Protocol – $4 million pre‑Series A round involving Dragonfly, Jump Crypto and others, bringing total funding to $11 million.
• Chomp – $3.6 million round co‑led by Jsquare and Blueyard for its social Q&A gaming platform.
• Oro – $3 million strategic round co‑led by MH Ventures and Mapleblock Capital to build multi‑step, non‑custodial transaction flows.
• XStable – $500 000 investment from YZi Labs as part of the EASY Residency Season 4 cohort.

Overall trends

Five of the eight disclosed deals focused on crypto market infrastructure, on‑chain finance, or tokenized assets, highlighting continued investor interest in bridging traditional finance with blockchain technology. The reported total excludes undisclosed rounds, valuations, cumulative funding figures and capital announced outside the seven‑day window.