In the first 2 weeks of June 2025, a series of crypto projects from security infrastructure to smart wallets, RWA and Web3 loyalty successfully raised a total of 158 million USD.
$158 million in Capital poured into crypto projects in the first half of June
Hypernative - $40 million
Tel Aviv-based Web3 security startup Hypernative has closed a $40 million Series B Capital round co-led by Ten Eleven Ventures and Ballistic Ventures. Other investors include StepStone Group, Boldstart Ventures, and IBI Tech Fund.
With the new Capital , Hypernative plans to continue expanding its platform by enhancing its AI and machine learning (ML) models, while expanding its team to serve the growing security needs in the crypto market.
Big news! As reported by @axios : Hypernative has raised a $40M Series B round to remove the biggest blocker to Web3 mass adoption — security.
— HypernativeLabs (@HypernativeLabs) June 10, 2025
Co-led by @1011vc and Ballistic Ventures, with participation from @stepstonegroup , and existing investors @Boldstartvc and IBI Tech Fund,… pic.twitter.com/RwNdFOyHxi
Since its founding in 2022, Hypernative has raised a total of $67 million , including a $16 million Series A round announced last September. With its current position, the startup is becoming a strategic security partner not only for Web3 projects, but also attracting attention from traditional financial institutions.
Hypernative is one of the few real-time security platforms capable of detecting, analyzing, and blocking on-chain threats before they cause damage. The team says it has supported over 200 Web3 projects , protecting over $100 billion worth of assets.
Turnkey - $30 million
Turnkey , a startup providing wallet and key management infrastructure for Web3 applications, has successfully raised $30 million in a Series B round led by Bain Capital Crypto, with participation from major funds such as Sequoia Capital, Lightspeed Faction, Galaxy Ventures, Variant, and Wintermute Ventures.
Turnkey has Capital a total of $52.5 million to date, through three rounds of Capital: Series A ( $15 million in 2024) and Seed ( $7.5 million in 2023).
With the new Capital , Turnkey will accelerate product development, expand its engineering and operations teams, and invest in “open” infrastructure serving areas such as DeFi, payments, AI Agents , and integrating the platform into future crypto wallet applications.
Big news: We've raised a $30M Series B led by @BainCapCrypto to power innovation in crypto! pic.twitter.com/4zwgO7gPj9
— Turnkey 🔑 (@turnkeyhq) June 9, 2025
Launched in 2022 by two former Coinbase Custody employees, Bryce Ferguson and Jack Kearney , Turnkey reimagines the crypto wallet experience by removing complex elements like Seed Phrase, allowing wallets to be integrated directly into applications with high security features and simple UX.
Turnkey claims the platform currently supports over 50 million integrated wallets and processes millions of transactions per week, serving notable clients such as Polymarket , Magic Eden , Alchemy , and Stripe-owned stablecoin company Bridge .
Noah - $22 million
Noah , a New York-based stablecoin payments infrastructure platform, has announced the completion of a $22 million seed Capital round led by London-based Venture Capital LocalGlobe.
Noah's Capital round also included participation from Felix Capital, FJ Labs, and notable names such as JOE Lonsdale (co-founder of Palantir), David Helgason (CEO of software development company Unity Software), and Alexander Matthey (former CTO of Adyen).
Notably, Thijn Lamers – former global executive vice president of Adyen , a company that provides global payment solutions to businesses around the world – has officially joined Noah as Vai founder and chairman . Lamers was an early investor in Noah before deciding to join the startup in mid-2024.
The new Capital will be used by Noah to grow its team, invest in bank integrations, licensing, and new market expansion, while staying ahead of the competition between traditional fintech and blockchain-native Web3 solutions.
Noah has raised $22M to build the global payment network for the stablecoin era!
— Noah - Set money free (@Noah_HQ)June 10, 2025
Welcome Thijn Lamers (ex-Adyen) as Co-Founder and President.
Backed by @localglobevc , @FelixCapital , @FjLabs + angels incl. @JTLonsdale (Palantir), @davidhelgason (Unity), @matthey_alex (ex-Adyen… pic.twitter.com/bAlH3X0Zfl
While many crypto startups are founded by young engineers, Noah has the advantage of “conversion of trust” from experienced core members like Lamers. With nearly 20 years of experience at Adyen and a global partner network, Lamers now plays a key Vai in the product expansion strategy, especially in the European market.
Noah now offers an API that allows developers to integrate instant stablecoin transfers into their applications, while maintaining a seamless bridge between fiat and crypto. According to CEO Shah Ramezani, Noah has processed over $1 billion in transactions, supporting conversions between 50 currencies and payments across 70 countries.
IOST - $21 million
Modular blockchain platform IOST announced the completion of a $21 million strategic Capital round, with participation from major institutional investors such as DWF Labs, Presto, and Rollman Management Group.
The investment will be used to expand product development, ecosystem integration, and decentralize the validator network – while strengthening IOST ’s position in the real-world asset (RWA) tokenization space.
According to the announcement , IOST is focusing on deploying its RWA infrastructure in Japan – where the project is one of the few public blockchains licensed by the Japan Virtual Currency Exchange Association (JVCEA). This will be followed by strategic regions such as the Middle East, Europe, and North America.
📢 Big news from IOST!
— IOST (@IOST_Official) June 6, 2025
⚡️ We've secured $21M in strategic funding to accelerate RWA 3.0 growth and build a compliant, interoperable, Multi-Chain ecosystem.
🤝 Major thanks to @DWFLabs , @Presto_Labs , @Rollman_Mgmt & others for their trust https://t.co/UXThL29ZnI
IOST is a multi- chain blockchain ecosystem focused on RWA infrastructure. With a focus on innovative technology, security, and community interaction, IOST is leading the wave of bringing traditional financial assets into the Web3 world in a compliant and efficient manner.
Unlike traditional Layer-1 blockchains, IOST ’s modular architecture is specifically designed to facilitate the issuance of real-world assets in a flexible and compliant manner. The platform includes:
High performance main chain (Layer-1).
EVM compatible subnets.
Permissionless deployment mechanism.
Interoperability between networks.
Capital is implemented through a separate allocation mechanism, aiming to balance interests, ensure sustainable growth and promote decentralization in the validator ecosystem.
OneBalance - $20 million
OneBalance , a London-based blockchain infrastructure software development company, has just successfully raised $20 million in a Series A round , bringing its total raised Capital to $25 million .
The latest round of Capital saw participation from Cyber Fund, Blockchain Capital, Mirana Ventures and L2IV. Spencer Bogart, a partner at Blockchain Capital , also joined the company’s board of directors.
The project aims to solve the complex UX problem of Web3, with the main product being the Toolkit - a set of tools that helps programmers integrate functions such as Token Swap, asset transfer and cross-chain yield earning into applications in a simple and intuitive way. OneBalance currently supports direct swapping from Bitcoin to EVM , and will integrate Solana in the near future.
We're excited to announce our $20m Venture Round co-led by @cyberFund_ and @blockchaincap with participation from @mirana and @l2iterative , bringing our total funding to $25m
— ☉neBalance (@OneBalance_io) June 11, 2025
We're also launching the simplest and most reliable way to get your users onchain with our Toolkit! pic.twitter.com/e8PauaWkwN
OneBalance was founded by a team of former Flashbots and Coinbase engineers, including:
Stephane Gosselin – CEO, co-founder of Flashbots.
Daniel Worsley – COO, former operations manager at Flashbots.
Ankit Chiplunkar – CTO, former smart contract engineer at Coinbase.
Previously, in June 2024, OneBalance raised a $5 million Seed round, with participation from ConsenSys , Wintermute , Cobie , and many reputable individual investors.
With the new Capital , OneBalance will expand its team, enhance its product capabilities, and integrate more major blockchains – transforming its toolkit into an open infrastructure layer for blockchain applications in the era of stablecoins and decentralized finance.
Rails - $14 million
Rails , a crypto trading infrastructure startup, has just launched a Derivative exchange that only supports stablecoins, targeting the US market – where Derivative products Capital previously been difficult to access due to legal barriers.
In preparation for this event, Rails successfully raised $14 million via Token warrants in April 2025, bringing its total Capital to $20.2 million since its founding in 2023. The Capital round saw participation from big names such as Kraken, Slow Ventures, CMCC Global , Quantstamp, and Round13 Capital.
"Rails aims to 'deliver the performance of a centralized platform without sacrificing the principles of crypto—self-custody, transparency, and security.'" https://t.co/H2YM9pS98w
— Rails (@rails_xyz) June 6, 2025
Rails is a rare exchange that implements a hybrid model: users keep custody of their assets on-chain (self-custody) while orders are still matched at high speed thanks to a matching system powered by zero-knowledge proof (ZKP) technology and Merkle trees . Rails operates entirely on Ink , Kraken's layer-2 network, optimizing processing speed and reducing transaction costs.
Rails is a 2.0 version of the now-defunct FTX exchange – taking the Derivative advantage of FTX, but removing the risk of having user assets held in custody. Instead, all assets are stored on-chain and made transparent using cryptography.
Rails was founded by Satraj Bambra (wife of Megha Bambra) and former Grindr COO Rick Marini . With a team of experienced builders and strong resources from the Kraken ecosystem, Rails is expected to redefine the perps trading experience in the US - where this type of product was previously a no-go zone.
Rails also plans to Token Issuance this fall – different from FTT or BNB in that it will not be used as collateral, but only to reduce trading fees. The Token will be listed on Kraken , marking a deeper strategic partnership between the two parties.
Try Your Best (TYB) - 11 million USD
Web3 platform TYB (short for Try Your Best) announced the completion of a Series A Capital round worth $11 million , bringing its total Capital to $20.8 million .
This round included strategic investors such as Offline Ventures, Strobe Ventures (formerly BlockTower Capital), Coinbase Ventures, Castle Island Ventures, and Unusual Ventures.
The new Capital will be used by TYB to expand products, recruit staff and develop the customer community, aiming to become a Web3 standard loyalty platform for global brands.
We're excited to announce our $11M Series A funding round, co-led by @offlineventures and @strobefund , with participation from @cbventures , @CastleIslandVC , and @Unusual_VC .
— TYB — Try Your Best (@TYBXYZ) June 11, 2025
TYB is reimagining brand loyalty through onchain community commerce, helping brands like Glossier,… pic.twitter.com/P21822xBcV
TYB is a Web3 platform that provides tools for brands to build loyal communities. With a blockchain-based community commerce model, TYB helps companies incentivize users to participate in product development and receive rewards in Token that can be converted into real-world items.
Launched in 2022, TYB has attracted popular brands such as Glossier, Rare Beauty, Saie, Urban Outfitters, and poppi to participate in the Non-Fungible Token community ownership model experiment. The platform is built on the Avalanche blockchain, allowing brands to issue collectible Non-Fungible Token with utilities such as private community access, product design voting rights, or participation in a revenue Chia program.
Unlike speculative Non-Fungible Token projects, TYB does not focus on liquidation on marketplaces, but emphasizes the practical use value of collectible Non-Fungible Token , from the right to vote on product designs to receiving discounts and gifts.
During the pilot, TYB collaborated with wellness brand Joggy to release collectible Non-Fungible Token worth $250–$500 and attract 500 owners. These customers Chia 5% of Joggy's revenue, received free products, and exclusive offers.
TYB cofounder and CEO Ty Haney , formerly of the fashion brand Outdoor Voices, Chia TYB was born out of a need to control customer relationships and reduce the costs of third-party advertising on the likes of Facebook and Instagram. TYB is currently working with more than 30 brands in its pilot phase, including Hill House Home and Vada Jewelry, and has more than 300 potential customers on its list.
In summary , successful Capital raising deals in the first half of June 2025 show the resurgence of the crypto venture capital market, especially in the areas of security infrastructure, Tokenize of real assets (RWA), smart wallets and Web3 platforms for ordinary users.
Although the market is still volatile, the fact that large funds continue to Capital in potential projects is a positive signal for the long-term development of the Web3 ecosystem. Individual investors can XEM this as a basis to monitor technology trends, cash flow and early positioning opportunities in the new market cycle.
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