BTC treasury, tokenization platforms, Hyperliquid wallet headline May VC deals
May saw a quieter month for crypto venture capital, yet significant funding rounds occurred. Twenty One Capital, a Bitcoin treasury company backed by Tether, Bitfinex, and Cantor Fitzgerald, raised an additional $100 million in convertible bonds, bringing total funding to $685 million. The company plans to acquire billions in Bitcoin and will launch a proof of reserves public ledger. Decentralized computing layer aZen secured $1.2 million in seed funding to develop decentralized physical infrastructure networks (DePINs) for AI applications, onboarding over 500,000 users. Jump Crypto made an undisclosed investment in Securitize, which has $4 billion in on-chain assets, supporting institutional adoption of tokenized assets. UK-based Savea raised $2.5 million to launch tokenized investment products backed by scarce assets. Hyperliquid-powered Dexari closed a $2.3 million seed round to enhance its self-custodial wallet and mobile trading app, aiming for App Store and Play Store launches.
