Binance secures $2b, World Liberty Financial scores $250m

The second week of March marked a notable moment in crypto history, as Binance closed a $2 billion funding round.

The week’s combined funding exceeded $2.5 billion, with major investments flowing into DeFi infrastructure and multi-chain solutions.

Let’s look into the key investments that happened in the VC funding sector in the last seven days as per Crypto Fundraising data.

Binance, $2 billion

• Binance raised $2 billion from Abu Dhabi-based MGX, marking the first institutional investment in Binance’s history.
• The investment was conducted entirely in unnamed stablecoins, which grants MGX a minority stake in Binance and signals the firm’s entry into the cryptocurrency and blockchain sectors.
• MGX, known for its focus on AI and advanced technology, said the investment aligns with its strategy to support blockchain innovation and finance.

World Liberty Financial, $550 million

• World Liberty Financial has raised $550 million in its token sale, pushing its total funding close to $600 million so far.
• The decentralized finance project directly tied to the Trump family, has secured $550 million by selling its WLFI tokens, data from ICO Drops shows.
• Last month, crypto.news reported that World Liberty Financial sold over 24 billion tokens, leaving around 950 million tokens available for purchase.

Mesh, $82 million

• Mesh raised $82 million in Series B funding
• The project is backed by Paradigm, Consensys, and Quantumlight
• The project, previously known as Front Finance, has raised $120.5 million so far

RedotPay, $40 million

• Secured $40 million in Series A funding
• The investment was backed by Lightspeed, Galaxy, and HongShan
• RedotPay is developing payment and wallet solutions

Axelar Network, $30 million

• Axelar Network raised $30 million in an unknown round
• The investment was backed by Arrington Capital and Electric Capital
• Axelar Network has raised $143.75 million

Solv Protocol, $10 million

• Solv Protocol secured $10 million in an unknown round
• The project is building a marketplace across multiple ecosystems
• Solv Protocol has raised $32 million so far

Voltix AI, $10 million

• Raised $10 million in an unknown round
• The investment was backed by BLCK Labs
• Voltix AI is building AI infrastructure on Solana (SOL)

Notable crypto VC funding rounds

• PoPP raised $6 million for AI identity solutions
• Aura secured $5.50 million in seed funding for AI marketplace
• Captain Tsubasa: Rivals raised $5 million for P2E gaming on TON
• HOPR Token gathered $4.80 million for privacy infrastructure
• Templar Protocol secured $4 million for DeFi lending
• Arda Labs raised $3 million for real-world asset infrastructure
• M10, Obol Labs, and Rakurai each secured $3 million
• Sogni ai raised $2 million for AI art on DePIN
• W3I Software secured $1.50 million for Cardano stablecoins
• Offline Protocol raised $1.10 million for payment infrastructure
• Bubblemaps gathered $800,000 with $20 million FDV for analytics
• Lagom Chain secured $200,000 with $4 million FDV for L1 interoperability