Author: WuBlockchain
According to statistics from RootData, there were 61 publicly disclosed cryptocurrency VC risk investment projects in August 2026, a decrease of 10.3% compared to the previous month (68 projects in July 2026), and a decrease of 45.0% compared to the same period last year (111 projects in August 2025). The trend over the past year is as follows:
From a sector classification perspective, the breakdown for August is as follows: CeFi accounts for approximately 18%, DeFi for approximately 29.5%, NFT/Game for approximately 3.3%, L1/L2 for approximately 4.9%, RWA/DePIN for approximately 4.9%, Tool/Wallet for approximately 8.2%, AI for approximately 9.8%, and Web3/Others for approximately 21.3%.
The total funding amount for cryptocurrency VCs in August 2026 was approximately $742 million, a decrease of 68.0% compared to the previous month ($2.321 billion in July 2026), and a decrease of 86.5% compared to the same period last year ($5.495 billion in August 2025). The trend over the past year is as follows:
Note: For projects where the amount is not disclosed, they are only counted in the total number of projects and not in the total amount; simultaneously, as not all funding rounds are disclosed in the same month, related statistical data may be revised subsequently. The top 10 funding rounds by amount are as follows:
Ripple Prime, Ripple's non-bank prime broker, completed a private placement of senior unsecured notes with an upsized amount of $275 million. The proceeds will be used to support its US business, including working capital and general corporate purposes. The notes received a BBB investment-grade rating from KBRA. Ripple Prime had previously also received a BBB issuer rating from KBRA. Piper Sandler acted as the lead placement agent for this transaction.
Cryptocurrency platform Bullish provided a $100 million debt financing facility to the stablecoin protocol USD.AI, which is developed by Permian Labs and currently has over $225 million in crypto assets locked in the protocol. Bullish also plans to list USD.AI's sUSDai and open multiple trading pairs, providing investors with a secondary market channel for GPU-backed debt, connecting on-chain capital with computing power financing needs, thereby providing liquidity for AI infrastructure development.
Clearing and custody institution RQD* Clearing raised $74 million in funding, led by Bain Capital, with participation from ABN AMRO Clearing Bank and Nyca Partners. The company plans to use the funds to expand into North American, Asian, and Middle Eastern markets and develop products covering digital asset custody and tokenization. RQD* provides clearing and custody services for broker-dealers, investment advisors, and international financial institutions entering the US market. Clearing firms are responsible for tracking positions, transferring securities and cash, and managing risks from trade execution to final settlement.
Stablecoin digital bank Fasset completed a new $68 million funding round led by Japanese financial giant SBI Group, bringing the company's valuation to $1 billion. This follows a $51 million funding round completed in May this year, making it the second major injection for Fasset in 2026, with total annual funding reaching $119 million. Fasset operates an all-in-one financial platform allowing consumers and businesses to hold, send, pay, and invest in various currencies and assets, using stablecoins as the underlying settlement infrastructure.
Yellow Card completed a $40 million strategic funding round with participation from SC Ventures, Sony Innovation Fund, Polychain Capital, Blockchain Capital, and other strategic investors. The project's main business is providing stablecoin infrastructure. The funds will be used to scale its end-to-end enterprise US dollar account offering, Global USD Accounts, and expand stablecoin rails connecting global markets.
The issuer of the Japanese Yen stablecoin JPYC completed an extension of its Series B funding, bringing the total Series B to approximately $38 million. The new investor in this round is Japanese logistics giant AZ-COM Maruwa Holdings, contributing approximately $6.3 million. The funding will be used to expand the financial and Web3 ecosystem and promote the practical application of the JPY stablecoin JPYC.
Capital B completed a €21 million private placement, with subscribers including global institutional investors such as Adam Back and TOBAM, to accelerate its Bitcoin Treasury Company strategy. The announcement disclosed that the issuance was in units consisting of one share with four warrants (ABSA) at €0.58 per unit. If all related warrants are exercised, up to approximately €135.8 million in additional capital could be raised. The net proceeds from this placement are estimated at approximately €19.9 million. Combined with ongoing operating income, it is estimated that an additional 270 BTC can be purchased, potentially increasing the company's total holdings to 3,415 BTC.
Digital asset investment management firm Hivemind Digital Group completed a $17 million strategic funding round led by UK asset manager M&G Investments, with participation from CPIC Investment Management (H.K.), ZA Bank, FalconX, and Sonic Boom Ventures, among others. Alex Seddon, Head of Impact Investing and Private Equity at M&G Investments, will join Hivemind's board of directors. Hivemind stated that this round of financing will be used to build institutional-grade investment infrastructure for blockchain and frontier technology assets, providing investors with digital asset-related investment tools and governance frameworks.
HIP-3 deployer Entropy.io completed a $14 million funding round, led by Ribbit Capital, and also received $40 million in HYPE staking support. Its first market, Anthropic pre-IPO, is already live on Hyperliquid. Under the Hyperliquid HIP-3 framework, Entropy already offers perpetual contract trading for global stocks, commodities, indices, and Pre-IPO stocks.
Full-stack new financial infrastructure City Protocol completed Seed and Pre-A funding rounds totaling $11 million. Investors in this round included Dragonfly, CMT Digital, Stratified Capital, Bitscale Capital, Adaverse, Mirana Ventures, and Jump Crypto, among others. According to the introduction, City Protocol is dedicated to bringing structured financial products on-chain to lower the entry barriers for multi-dimensional financial asset allocation.
