Weekly Financing Update | 8 projects received funding, with a disclosed total financing amount of approximately $113 million (5.05-5.12)

According to incomplete statistics from Odaily, during the period from May 5 to May 11, there were a total of 8 blockchain-related financing events reported globally, with a disclosed total financing amount of approximately 113 million USD.

The leader of this financing leaderboard is the digital risk management and protection platform Doppel, followed closely by Sentora, the newly formed company after the merger of IntoTheBlock and Trident Digital, which will focus its strategic efforts on the RWA (Real World Assets) sector after integrating resources.

The following are specific financing events (Note: 1. Sorted by the announced amount; 2. Excludes fund raising and merger events; 3. * denotes traditional sector companies involved in Blockchain in certain businesses):

The digital risk management and protection platform Doppel has completed a $35 million Series B funding round, with participation from a16z Crypto.

On May 6th, the digital risk management and protection platform Doppel announced the completion of a $35 million Series B financing, led by Bessemer with participation from a16z Crypto, 9 Yards Capital, SOZO VENTURES, Strategic Cyber Ventures, South Park Commons, Script Capital, and others. It is reported that Doppel is an AI-driven digital risk protection platform designed to protect organizations from social engineering threats such as phishing, impersonation, and deepfake fraud. The new funds will be used to support the construction of a digital protection infrastructure that combines generative AI with expert human analysis.

IntoTheBlock and Trident Digital have merged to form a new company, Sentora, completing a $25 million financing round led by New Form Capital.

On May 6, IntoTheBlock and Trident Digital announced a merger to form a new company, Sentora, aimed at bringing institutional investors into the on-chain world. The new company is led by Trident co-founder and former Coinbase head of risk strategy Anthony DeMartino. At the same time, Sentora completed a new financing round of $25 million, led by New Form Capital, with participation from Ripple, Tribe Capital, UDHC, and Joint Effects, as well as strategic ecosystem investors such as Curved Ventures, Flare, and Bankai Ventures.

Web3 consumer rewards platform T-Rex completes $17 million in funding.

On May 9, the Web3 consumer entertainment protocol T-Rex completed a $17 million Pre-Seed funding round, with investors including Portal Ventures, North Island Ventures, Framework Ventures, Arbitrum Gaming Ventures, ArkStream Capital, Mindful Venture Capital, Hypersphere, SNZ, and Arche Fund. T-Rex is dedicated to incentivizing network content consumers through cryptocurrency rewards, and the platform plans to launch a browser extension this summer that utilizes zero-knowledge transmission layer security technology (zkTLS) for privacy-preserving data verification between Web2 and Web3 platforms.

The digital asset infrastructure platform Fuze has completed a $12.2 million Series A financing round, led by Galaxy.

On May 7, the digital asset infrastructure platform Fuze announced the completion of a $12.2 million Series A funding round, led by Galaxy, with participation from e& capital and Further Ventures. Fuze's currently launched white-label solutions enable organizations to easily offer digital assets such as stablecoins, cryptocurrencies, Central Bank Digital Currencies (CBDCs), and tokenized assets. The new funding will drive its expansion of corporate client base and service offerings in the Middle East and North Africa region.

Sonic Labs completed a strategic financing of 10 million dollars, led by Galaxy.

On May 8, according to official news, Sonic Labs announced the completion of a $10 million strategic financing for S tokens, led by Galaxy. This collaboration will accelerate Sonic Labs' expansion in the U.S. market and provide critical support for its DeFi ecosystem development.

Sonic Labs CEO Michael Kong stated that the addition of Galaxy will bring important market insights and resources to the ecosystem. This collaboration also reflects the confidence of institutions in the ability of Blockchain technology to transform financial infrastructure.

DogeOS completed a $6.9 million financing, led by Polychain Capital.

On May 6, DogeOS, the application development layer of the Dogecoin ecosystem, announced the closing of a $6.9 million funding round led by Polychain Capital, which aims to build an application development layer on the Dogecoin blockchain to support a variety of consumer applications ranging from gaming to artificial intelligence, enhancing the Dogecoin ecosystem and its decentralized financial services. The DogeOS program promotes the practical application of DOGE by providing operating system-level development tools, and promotes the integration of community and on-chain innovation.

The digital asset trading infrastructure GoQuant has completed a $4 million seed round financing, led by GSR.

On May 8, digital asset trading infrastructure GoQuant announced the closing of a $4 million seed round led by GSR, with participation from Copper.co, Lombard Odie, Capital Union Bank, TYR Capital, and FRNT Financial, among others, with the new funds intended to support its construction of intelligent order routing to cover CEX, DEX, and OTC transactions, and accelerate the growth of the global institutional market.

The tokenized digital real estate platform Alt DRX has completed a $2.7 million Series A financing, with participation from Brand Capital and others.

On May 8, tokenized digital real estate platform Alt DRX announced the closing of a $2.7 million Series A funding round with participation from Brand Capital, Hindustan Media Ventures (HMVL), QDBQA, ZEE, We Founder Circle, and nX Capital. Currently, the company is working with IFSCA and the Qatar Financial Centre to push the platform to run in regulatory sandboxes such as the Digital Asset Lab.