Crypto VC Funding Soars Past $700M Led by AlloyX $350M Deal

Between August 31 and September 6, crypto VC funding reached $709.6 million across 13 ventures, driven by AlloyX Limited’s landmark $350 million M&A transaction with Solowin. AlloyX, a payment infrastructure and stablecoin platform, aims to expand compliant stablecoin services and real-world asset tokenization in Asia. Infrastructure-focused and AI-powered startups dominated the week’s capital flow. Etherealize secured $40 million backed by Electric Capital, Paradigm and Vitalik Buterin, while non-custodial wallet Utila extended its Series A with $22 million from Redstone, Nyca Partners and Wing VC. EVM-compatible Layer 1 network Kite AI closed $18 million in Series A funding led by Immersion Ventures, and Aria Protocol raised $15 million in a Seed round. Everlyn, developing on-chain video solutions, raised $15 million at a $250 million valuation with support from Mysten Labs and others. Other notable rounds include RISC Zero’s $13.7 million public sale and Tangany’s $11.6 million Series A. This crypto VC funding trend underscores growing investor appetite for scalable blockchain infrastructure and AI integration.