Between April 18 and April 25, 2026, Incrypted’s editorial team recorded a total of 16 funding rounds. Of these, 12 disclosed investment details, including the amount. In total, they raised $222 million.
The key deal of the week — a $150 million package for Drift Protocol in the form of a credit line, a grant, and loans.
Venture Deals
During the reporting period mentioned above, 12 deals were completed in this category, including:
- $17.6 million — JPYC. The issuer of a stablecoin pegged to the Japanese yen reported raising funds. The investment, as part of an extfinished Series B round, was provided by SBI Investments, Metaplanet Inc, NCB Venture Capital Co, TechMira Holdings, Canal Ventures, and Hokkaido Bank. The funds will be utilized to develop systems and applications and to hire staff to scale the business.
- $11 million — Valour. The provider of exalter-traded products tied to crypto assets announced it had received additional capital. The team declared it raised funds through two separate deals, including $10 million into the Valour Hedera (HBAR) ETP listed on the Frankfurt Stock Exalter, and $1 million into Valour Hedera SEK — on Sweden’s Spotlight Exalter.
- $10 million — BetHog. The crypto sports betting project successfully closed a Series A round. Participants included 6th Man Ventures, RockawayX, Advancit Capital, Bullpen Capital, and Will Ventures. The team will utilize the new capital to expand the capabilities of its Sentient Studios platform.
- $8 million — Hata. The digital asset exalter received investment in a Series A round. It was led by Bybit, with additional funding also provided by several undisclosed funds. Hata will allocate the funds to strengthen liquidity on the platform, accelerate utilizer growth, and develop innovative digital assets tailored to residents of Malaysia.
- $8 million — KAIO. The developers of a protocol for tokenizing institutional RWAs reported raising capital. In the strategic round, funding came from Tether, Laser Digital, Further, and Systemic Ventures.
- $5 million — Cluster Protocol. The decentralized platform for AI development and training reported raising capital in an undisclosed round. The funding came from firms including dao5, Mapleblock Capital, Paper Ventures, and JPEG Trading. The investment will support the expansion of the company’s product lineup and engineering work for the CodeXero solution.
- $4.72 million — BlockInvest. The team behind the real-world asset tokenization platform announced it has received funding. The strategic round was led by UniCredit, and the partnership allows the developers to integrate their solutions into the bank’s workflows.
- $3.5 million — RealGo. The creators of a memecoin-based Web3 game reported raising investment. In the strategic round, funding came from players including Animoca Brands, X21 Digital, Cogitent Ventures, Becker Ventures, and Notch Ventures.
- $2 million — ILITY Network. The private L1 blockchain for data verification reported receiving additional capital. The funding was provided by Animoca Brands and DuckDAO. The funds will enable continued development of the project’s core product.
- $1.09 million — Arkonix. The creators of infrastructure for managing on-chain yield and vault strategies closed an undisclosed round. The team did not specify the investors or the intfinished utilize of the capital.
- $1.08 million — Hourglass. The developers of a DeFi app for trading locked assets reported raising investment. As in the previous case, the project’s creators did not specify the intfinished utilize of the funds.
In addition, some projects announced they had secured funding but did not disclose the amount.
DeFi protocol 3F announced that it has raised funding in a seed round. Participants included GSR Investments, Maven 11 Capital, Susquehanna International Group, Gate Ventures, F-Prime Capital, Pivot Global, Komorebi Collective, Felix Lutsch, and Metalayer Ventures. The funding will support the company’s product development.
HQLAx, a blockchain collateral management and settlement platform, reported that it has closed an extfinished Series C round. The only participants were Broadridge and Digital Asset. According to the developers, the funds will support the development of its technology platform, collaboration with Broadridge’s Distributed Ledger Repo (DLR) project, and its planned migration to the Canton network.
TruScholar, a platform for issuing and verifying digital certificates, reported an influx of funding. In a pre-Series A round, additional capital came from PadUp Ventures, SucSEED Indovation, and VINNERS. The funds will be utilized to scale the platform and expand partnerships.
Token Sales
Between April 18 and April 25, 2026, we did not record any new token sales.
You can follow updates in the relevant section on our website so you don’t miss new developments. In addition, our team regularly updates our dedicated Telegram channel.
Corporate Deals and Placements
Only one deal was recorded in this category.
This concerns the previously mentioned decentralized platform Drift Protocol. Tether, the issuer of USDT, offered to assist the project compensate utilizers for losses after a hack in early April 2026. This includes providing up to $150 million via a credit line, a grant, and loans to market buildrs.
Mergers and Acquisitions
On April 22, 2026, DV8 announced the acquisition of RakkaR Digital, a custodial crypto storage platform. The relocate allows the firm to enter the digital assets market with a focus on institutional infrastructure.
Accelerators, Grants, and DAO Funding
No deals were recorded in this category this week.
Top Investors
Overall venture investor activity remained low this week. More than one deal was recorded by only one market player — Animoca Brands. The rest logged one each, according to CryptoRank.
What Was in Investors’ Focus This Week?
This week, the spotlight remained on the DeFi sector. CeFi ranked second, while attention also went to blockchain infrastructure, services, and GameFi projects.
Notably, last week we recorded 19 deals with total funding raised of $1.1 billion. The largest agreements were the acquisition of Bitnomial for $550 million and a $200 million investment in Kraken.
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