Binance Raises $2B, World Liberty Financial Secures $250M in Funding

The second week of March has emerged as a significant chapter in the chronicles of cryptocurrency, highlighted by Binance’s successful closure of a $2 billion funding round. The total funding for the week surpassed $2.5 billion, with substantial investments directed towards decentralized finance (DeFi) infrastructure and multi-chain solutions. Let’s delve into the major investments that transpired in the venture capital funding landscape over the past week, as reported by Crypto Fundraising data.

Binance has successfully secured $2 billion from MGX, a firm based in Abu Dhabi, marking a historic first institutional investment for the cryptocurrency exchange. This funding was conducted entirely through unidentified stablecoins, which provides MGX with a minority stake in Binance, indicating the firm’s foray into the cryptocurrency and blockchain domains. MGX, recognized for its emphasis on artificial intelligence and cutting-edge technology, stated that this investment aligns with its mission to foster innovation in blockchain and finance. The excitement surrounding this milestone was expressed through a tweet from Binance, emphasizing the importance of this investment in promoting digital asset adoption and enhancing the role of blockchain in global finance.

World Liberty Financial has successfully raised $550 million through its token sale, bringing its total funding to nearly $600 million. This decentralized finance initiative, which has connections to the Trump family, managed to secure the funds by selling its WLFI tokens, as revealed by data from ICO Drops. In a previous report, crypto.news indicated that World Liberty Financial had sold over 24 billion tokens, leaving about 950 million tokens still available for purchase.

Mesh has completed a Series B funding round, raising $82 million with backing from firms such as Paradigm, Consensys, and Quantumlight. Previously known as Front Finance, the project has now amassed a total of $120.5 million in funding.

RedotPay has successfully raised $40 million in its Series A funding round, supported by investors including Lightspeed, Galaxy, and HongShan. The company is focused on developing advanced payment and wallet solutions.

Axelar Network has raised $30 million in an undisclosed funding round, with support from Arrington Capital and Electric Capital. To date, Axelar Network has accumulated a total of $143.75 million in funding.

Solv Protocol has secured $10 million in an undisclosed funding round. The project aims to create a marketplace that spans multiple ecosystems, and has garnered a total of $32 million in funding thus far.

Voltix AI has raised $10 million in an undisclosed funding round, with investments from BLCK Labs. The project is focused on developing artificial intelligence infrastructure on the Solana blockchain.

Several other significant funding rounds have also been reported, including:

• PoPP raised $6 million to enhance AI identity solutions.
• Aura secured $5.5 million in seed funding for an AI marketplace.
• Captain Tsubasa: Rivals obtained $5 million for play-to-earn gaming on the TON blockchain.
• HOPR Token raised $4.8 million for privacy-focused infrastructure.
• Templar Protocol secured $4 million for decentralized finance lending solutions.
• Arda Labs raised $3 million aimed at real-world asset infrastructure.
• M10, Obol Labs, and Rakurai each garnered $3 million in funding.
• Sogni AI raised $2 million for AI-generated art on the DePIN platform.
• W3I Software secured $1.5 million for developing stablecoins on Cardano.
• Offline Protocol raised $1.1 million for payment infrastructure solutions.
• Bubblemaps collected $800,000, estimating a $20 million fully diluted valuation for its analytics platform.
• Lagom Chain secured $200,000, with a fully diluted valuation of $4 million focused on layer-one interoperability.