Financing Weekly Report | 10 Public Financing Events, Sports Prediction Market Novig Completes $75 Million Series B Financing Led by Pantera Capital

marsbitPublished on 2026-02-23Last updated on 2026-02-23

Abstract

Last week (Feb 16-22) saw 10 disclosed blockchain funding rounds totaling over $143 million. Key highlights include Novig's $75 million Series B led by Pantera Capital for its sports prediction market, valuing the company at $500 million. In DeFi, derivatives protocol MYX secured a strategic investment from Consensys. Web3+AI firm Unicity Labs raised $3 million in seed funding. Infrastructure investments included $13 million for wallet infrastructure Kresus Labs and $8 million for API infrastructure Monark Markets. CeFi saw Stake raise $31 million in a Series B for its real estate tokenization platform, and Newity raised $11 million to explore on-chain small business lending. Other prediction market deals included PRED's $2.5 million seed round and a strategic investment in Kalshi by Tradeweb. Additionally, Dragonfly closed a $650 million crypto venture fund.

Highlights of This Issue

According to incomplete statistics from PANews, there were 10 investment and financing events in the global blockchain sector last week (2.16-2.22), with a total funding scale exceeding $143 million. The overview is as follows:

  • DeFi announced 1 investment and financing event: on-chain derivatives protocol MYX completed a strategic financing round led by Consensys;
  • The Web3+AI track announced 1 investment and financing event: Unicity Labs completed a $3 million seed round led by Blockchange Ventures;
  • The Infrastructure & Tools field announced 3 investment and financing events, among which digital wallet infrastructure Kresus Labs completed a $13 million financing;
  • The Prediction Market track announced 3 investment and financing events, among which the sports prediction market Novig completed a $75 million Series B financing led by Pantera Capital;
  • The Centralized Finance field announced 2 investment and financing events, among which Stake completed a $31 million Series B financing led by Emirates NBD;

DeFi

MYX Completes Strategic Financing Led by Consensys

The on-chain derivatives protocol MYX has completed a strategic financing round led by Consensys, with Consensys Mesh and Systemic Ventures also participating. This lays the foundation for the launch of MYX V2. Following the completion of this round, Consensys officially became the largest investor in MYX. The funds will be used to support the deployment of MYX's modular derivatives settlement engine.

AI

Unicity Labs Completes $3 Million Seed Round Led by Blockchange Ventures

Autonomous internet protocol development company Unicity Labs announced the completion of a $3 million seed round led by Blockchange Ventures, with participation from the Middle Eastern communication app Tawasal and Web3 early-stage investment institution Outlier Ventures. The company plans to use the new funds to build a peer-to-peer encryption architecture, enabling autonomous AI Agents to discover services, verify counterparties, and conduct transactions at machine speed without the need for intermediaries or shared ledgers.

Saudi Company Humain Invests $3 Billion in xAI

Saudi Arabia-backed artificial intelligence company Humain has invested $3 billion in Elon Musk's AI startup xAI. The statement said that Humain has become a "significant minority shareholder" in xAI through this investment, which coincides with the acquisition of xAI by Musk's space exploration company SpaceX before the deal. Humain's stake will be converted into SpaceX shares. This investment solidifies the connection between Musk and Humain. The company was established last year with the aim of making Saudi Arabia an AI powerhouse. The two companies plan to develop a 500-megawatt data center in Saudi Arabia.

(This financing event is not included in this weekly report statistics)

AI Agent Startup Temporal Completes $300 Million Series D Financing Led by a16z

AI Agent startup Temporal announced the completion of a $300 million Series D financing, valuing the company at $5 billion. The round was led by Andreessen Horowitz (a16z), with participation from Lightspeed Venture Partners, Sapphire Ventures, and Sequoia Capital, among others. According to the company, this round of financing is not to "chase a certain hot moment in AI," but to build a platform to address the reliability challenges commonly faced by AI agents in complex, long-running processes. Currently, AI companies like OpenAI, Snap, Netflix, and JPMorgan Chase are its users.

(This financing event is not included in this weekly report statistics)

Infrastructure & Tools

Digital Wallet Infrastructure Kresus Labs Completes $13 Million Financing

Digital wallet infrastructure Kresus Labs announced the completion of a $13 million (approximately 18 billion KRW) financing, with Hanwha Investment & Securities participating. The new funds will be used to expand its enterprise digital wallet infrastructure, real-world asset (RWA) tokenization platform, and on-chain financial workflows, as well as to build digital asset tools for consumers and institutions, including wallet recovery technology and security systems based on multi-party computation (MPC).

Monark Markets Completes $8 Million Strategic Round Led by F-Prime

Embedded API infrastructure Monark Markets announced the completion of an $8 million strategic round led by F-Prime, with participation from Commerce Ventures, Grit Capital Partners, and BBAE Holdings. The company's API infrastructure supports fintech platforms such as Apex Fintech Solutions and Altruist Financial, embedding private market investments directly into existing customer accounts. It can drive investment demand growth in key economic growth engines like AI and blockchain in the private markets.

Stablecoin Settlement Company Ubyx Receives Investment from AB Xelerate, Accelerator Under Arab Bank

AB Xelerate, a fintech accelerator under the large international bank Arab Bank headquartered in Amman, Jordan, announced an investment in stablecoin settlement company Ubyx. The specific investment amount has not been disclosed. The new funds will support its development of a shared network, enabling regulated financial institutions to issue, accept, and redeem digital currency at face value across multiple blockchains and jurisdictions while operating within established regulatory and compliance frameworks. Previously, it was reported that Ubyx had been acquired by banking giant Barclays to explore the development of "tokenized money."

Centralized Finance

Stake Completes $31 Million Series B Financing Led by Emirates NBD

Digital asset real estate investment platform Stake raised $31 million in a Series B financing round. The round was led by Emirates NBD, with participation from Mubadala Investment Company, Middle East Venture Partners (MEVP), Property Finder, STC NICE, Wa'ed Ventures, GFH Partners, and Ellington Properties, among others.

The funds will be used to invest in artificial intelligence, tokenization, and new product development. The company's seed round totaled $5 million; its pre-Series A round totaled $8 million; its Series A round totaled $14 million; and its Series B round has now raised $31 million, bringing the total to $58 million.

Fintech Company Newity Has Raised $11 Million, Aiming to On-Chain Small Business Loans

Fintech company Newity, focused on facilitating small business loans, raised $11 million in a strategic financing round. The company is exploring moving these loans on-chain. Trading and investment company CMT Group's CMT Digital led the round, with other participants including private and institutional investors. This round is reported to be Newity's first financing. The round began in late 2024 and concluded in December 2025. It used a Simple Agreement for Future Equity (SAFE) structure. Newity's valuation was not publicly disclosed, nor was it revealed whether any investors obtained board or advisory seats.

Prediction Markets

Sports Prediction Market Novig Completes $75 Million Series B Financing Led by Pantera Capital

Sports-focused prediction market platform Novig announced the completion of a $75 million Series B financing led by Pantera Capital, valuing the company at $500 million post-round. Novig co-founder Jacob Fortinsky stated that the company, founded in 2021, aims to create a consumer-friendly platform for modern sports bettors, with its core advantage being its peer-to-peer trading model. Novig is currently applying for a U.S. Commodity Futures Trading Commission (CFTC) license, expected to be completed within six months. Fortinsky emphasized that, unlike platforms like Kalshi and Polymarket, Novig is designed from product to branding around sports events, better fitting the usage habits of ordinary sports fans.

Sports Prediction Trading Platform PRED Completes $2.5 Million Seed Round Led by Accel

Sports prediction trading platform PRED has completed a $2.5 million seed round led by Accel. Other participants included the Base Ecosystem Fund (BEF) under Coinbase Ventures and Reverie, among others. Pred is built on Base and claims an execution speed of just 200 milliseconds, making it closer to financial exchange standards than anything offered in the traditional sports betting arena. Pred is currently in an internal testing phase and uses an invitation-only registration process.

Kalshi Receives Strategic Investment from Tradeweb, Which Will Acquire a Minority Stake

Electronic trading platform Tradeweb Markets announced a strategic investment in prediction market operator Kalshi and will acquire a minority stake. Specific investment amount and equity percentage data have not been disclosed. The two parties will integrate event-driven market data and explore new infrastructure for trading event contracts through Tradeweb's electronic platform. Tradeweb stated it will integrate Kalshi's real-time event probability data into its rates and credit trading platform, including user interfaces, APIs, and data download tools, allowing institutional clients to directly reference prediction market probabilities within their existing macro trading processes.

DAT

Tharimmune Officially Renames Itself to Canton Strategic and Completes $55 Million Financing Transaction

Nasdaq-listed Canton treasury company Tharimmune announced its official name change to Canton Strategic Holdings and updated its stock ticker to "CNTN," making it the first U.S.-listed public company supported by the Canton Foundation. Additionally, the company disclosed that the previously announced $55 million fundraising transaction through a stock registration issuance has been formally completed. The aim is to continue expanding and developing its digital asset treasury management strategy centered around Canton Coin.

Ethereum Treasury Company Republic Technologies Announces Private Financing of $3 Million

Canada-listed Ethereum treasury company Republic Technologies announced a private placement of up to 14,087,000 special warrants at a price of $0.21 per special warrant, raising a total of $3 million. The company previously disclosed an ETH holding of approximately 1,570.6 coins, with an average acquisition price of $2,700, and a current holding market value of approximately $3.2 million.

Venture Capital Institutions

Dragonfly Has Completed the Raising of Its Fourth Fund, Totaling $650 Million

Crypto VC Dragonfly has completed the raising of its fourth fund, totaling $650 million. Dragonfly managing partner Haseeb stated that the fourth fund is their largest investment to date, and they believe the crypto revolution is still in the early stages of exponential growth. He added: "Proxy payments, on-chain privacy, the tokenization of everything—the crypto landscape is about to explode, and we want to support the founders leading the trend."

Crypto Investment Firm DBA Has Raised $68 Million for Its Second Venture Fund

New York-based crypto investment firm DBA has raised $68 million for its second venture fund. Previously, the firm raised $50 million for its first fund in 2023. DBA was co-founded by former Galaxy Digital co-head of investments Michael Jordan and well-known Ethereum commentator Jon Charbonneau. It has invested in underlying infrastructure like DoubleZero and Monad, stablecoin application Payy, ICO financing platform MetaDAO, and Bitcoin scaling solutions, among other protocols.

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