Amid a funding dry spell, this week saw three of the largest crypto raises in recent months.
Crypto exchange and wallet service Blockchain.com raised $110 million in a Series E round led by Kingsway, the parent company of crypto exchange OSL raised $91 million via a share subscription, and tokenized currency firm Fnality announced a $95 million round led by Goldman Sachs and BNP Paribas.
The raises came with crypto mired in a funding slump, seeing consecutive quarterly declines in venture capital dating back to the start of 2022.
Blockchain.com’s $110 million round is the year’s fourth-largest fundraise, following Blockstream, LayerZero, and Worldcoin, according to DeFiLlama…
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