Crypto and blockchain companies announced at least $51.4 million in disclosed funding across six deals between October 10 and 16. The largest was a $30 million strategic investment from Sui Foundation in DATA Network.
Other major deals included Fission’s $10 million Series A and Zaria’s $5.2 million seed round. GetPicks, Spout and Orbio also announced funding for sports payments, tokenized stock lending and AI infrastructure.
The total combines announced venture rounds, equity financing and strategic investments. It excludes deals with undisclosed amounts and does not represent independently verified cash transfers.
DATA Network receives $30 million from Sui Foundation
Sui Foundation announced a planned $30 million strategic investment in DATA Network on October 12. The deal comes as DATA Network prepares to move its protocol to the Sui blockchain.
Under the plan, DATA Network’s existing blockchain will be retired after the migration, while its token will transfer to Sui on a one-to-one basis.
The organizations said existing locked and vesting positions would remain unchanged, with token holders retaining economic and governance rights at least equivalent to their current terms.
Walrus will become the default storage layer for DATA Foundation applications.
DATA Network’s Trace system records information about AI training data, including its origin, contribution rights and payments to contributors. The investment is intended to support the project’s long-term development within the Sui ecosystem.
Fission raises $10 million for tokenized fund liquidity
Fission secured $10 million in a Series A round led by Pantera Capital, according to a report published on October 15. Circle Ventures, Borderless Capital and Ari Rubenstein also participated.
The New York-based company helps investors sell tokenized fund interests before the underlying funds complete their normal redemption processes.
Investors can connect their wallets and submit requests to sell their holdings, with Fission purchasing the interests and managing the related transaction process.
Some fund interests can take around 200 days to sell through traditional redemption procedures. Fission says its platform can settle eligible transactions in 90 seconds or less, charging a fee for the service.
The round reportedly closed in September, although the funding was publicly disclosed during the October reporting period. The company has not revealed its valuation.
Zaria raises $5.2 million as bank charter application remains pending
Zaria Systems announced a $5.2 million seed round on October 14, led by Lightspeed Venture Partners.
The company provides loan servicing, backup servicing, collateral management and agency services for structured finance and digital asset-backed lending.
Zaria plans to use the funding to hire staff, improve its technology and expand its existing services.
The company also has a pending application with the Office of the Comptroller of the Currency to establish Zaria National Trust Bank. The proposed institution would focus on trust-company operations and related services.
Bringing these activities under a federally regulated trust institution would depend on approval of the application.
Smaller funding rounds support payments, lending and AI
Three other companies announced funding during the period.
- GetPicks — $3 million: The Atlanta-based sports platform announced an equity round on October 16, backed by gaming industry investors and operators. The company plans to use the money to expand across the United States and develop its product. Its reported payment system supports USDC withdrawals, and the platform says it has more than 35,000 registered users across 21 states.
- Spout — $2 million: The company announced a strategic round on October 15, with participation from Draper Dragon, Anchorage Digital and Flow Traders. Spout is developing a system that allows users to borrow USDC against tokenized US stocks at a 50% loan-to-value ratio. The company says its model uses covered-call premiums to fund lender payments. Its beta operates on Solana Devnet and is not yet live on mainnet.
- Orbio — $1.2 million: Orbio completed a seed round announced on October 10. The funding will support infrastructure for AI agents, computing and private systems. The investors were not publicly identified in the report.
Undisclosed funding includes Multiliquid and Tether-backed companies
Several other projects announced investments without revealing the amount of their latest rounds.
Multiliquid announced a seed round led by Polychain on October 15. Participants included Strobe Ventures, CMT Digital, Metalayer Ventures, Generative Ventures and Circle Ventures.
Uniform Labs said the funding brought Multiliquid’s total capital raised to $8 million across its pre-seed and seed rounds. Founder Will Beeson told The Block that the company had not disclosed how much was raised in each round.
Tether also announced investments in three companies during the period.
EFY Finance received seed funding from Tether to support its stablecoin payment network, which the company says operates across 17 countries and serves more than 25,000 individual and business accounts.
Saber Money secured strategic investment from Tether and CMCC Global’s Titan Fund. The company plans to use the capital to pursue regulatory licenses, develop banking partnerships and expand payment services across Asia and the Gulf region.
AIsa received a strategic investment from Tether Capital on October 15. Its platform allows AI agents to purchase data, software and computing services using fiat currency or stablecoins. Businesses can set spending limits to control how those agents use funds.
The week’s announcements show continued investment across several parts of the crypto industry, including blockchain infrastructure, tokenized assets, stablecoin payments and AI-related services. Sui Foundation’s $30 million commitment to DATA Network accounted for the largest disclosed deal, while several other companies attracted backing without revealing the size of their latest investments.
