Crypto Venture Funding Hits $258M Despite Market Downturn

• Tether mentioned the investment shows efforts to line up with stablecoins having regulated financial systems and intensify links with institutional collaborators.
• Jupiter also publicised that prediction market platform Polymarket will collaborate with its ecosystem on Solana.

Venture funding is carrying on to flow into digital asset firms even as the wider crypto market struggles with significant losses. As per the estimation, around $258 million was invested in crypto companies in the first week of February, as per the data from DeFiLlama.

The data also highlighted that investors are still supporting infrastructure and services associated with blockchain networks regardless of a market drawdown approximated at around $2 trillion. Decentralised finance projects headed activity with four deals, accompanied by payments startups with three.

The biggest surge came from Anchorage Digital, which safeguarded $100 million in strategic financing headed by stablecoin issuer Tether. The federally chartered crypto bank offers custody, trading and crypto-native banking services to institutions and plans to leverage the funding to widen its operational infrastructure as demand from asset managers and corporations surges.

Tether mentioned the investment shows efforts to line up with stablecoins having regulated financial systems and intensify links with institutional collaborators exploring tokenised payments and settlements.

The Other Accumulations

TRM Labs accumulated $70 million in a Series C round headed by Blockchain Capital, sitting at a $1 billion valuation. The company creates software leveraged by exchanges, banks and government agencies to look after blockchain transactions, identify fraud and trace illegal activity.

The fresh capital will back expansion into new markets and boost investigative tools, underscoring the surging role compliance technology plays as regulators grow scrutiny of crypto markets.

At the same time, Solana-based decentralised exchange collector Jupiter finished a $35 million strategic round supported by ParaFi Capital. The investment got settled by JupUSD, the stablecoin of the project, having ParaFi buy JUP tokens and corresponding to a long-term lockup.

Jupiter also publicised that prediction market platform Polymarket will collaborate with its ecosystem on Solana, indicating prolonged development over trading applications even at the time of weak market conditions.

In January, Andreessen Horowitz safeguarded over $15 billion in fresh capital, making its standing as one of the most robust venture capital companies in the United States tech sector.