Crypto VC funding: RQD* raises $74M, Fasset gets $68M

Crypto and blockchain companies disclosed $184.1 million across eight funding rounds between Aug. 22 and Aug. 28, led by RQD* Clearing’s $74 million growth investment. Summary Eight crypto and blockchain projects disclosed a combined $184.1 million in new financing. RQD* Clearing secured a $74 million minority growth investment led by Bain Capital. Fasset raised $68 million in Series C funding at a $1 billion valuation. Hivemind Digital Group completed a $17 million strategic round led by M&G Investments. Infrastructure, stablecoin banking, and onchain trading attracted most of the disclosed capital. Stablecoin neobank Fasset followed with a $68 million Series C that valued the company at $1 billion. Hivemind Digital Group and Entropy completed the next-largest raises, while five of the eight disclosed deals involved crypto market infrastructure, onchain finance, or tokenized assets. Funding data came from DropsTab, CryptoRank, Crypto Fundraising, and official announcements issued during the reporting period. The weekly total excludes undisclosed rounds, valuations, cumulative funding figures, acquisitions, and capital announced outside the seven-day window. RQD* Clearing secures $74 million growth investment New York-based RQD* Clearing secured a $74 million minority growth investment led by Bain Capital Tech Opportunities. ABN AMRO Clearing Bank and Nyca Partners also participated. RQD* provides clearing, custody, and technology services to broker-dealers, registered investment advisers, and foreign financial institutions seeking access to US markets. The company said the capital would support product development and expansion in the United States, Europe, and Asia. The firm also plans to build infrastructure for digital assets and tokenized securities. RQD* said it wants to help financial institutions custody blockchain-based assets and connect them with established clearing systems. The transaction was the week’s largest disclosed financing and accounted for about 40% of the $184.1 million total. RQD* described the deal as a minority growth investment rather than a conventional venture round. You might also like: Stablecoin infrastructure investment could hit $8B in 2027: NGPES Fasset reaches $1 billion valuation with $68 million Series C Stablecoin banking platform Fasset raised $68 million in a Series C led by Japan’s SBI Group. The deal valued Fasset at $1 billion and followed a $51 million Series B completed in May. The two rounds brought Fasset’s disclosed 2026 funding to $119 million. Speedinvest, an investor in the previous round, also participated in the Series C. Fasset offers stablecoin payments, tokenized assets, and digital banking services across 125 countries. The company said it would use the capital to expand its payment network, develop its AI-based financial tools, and support a planned digital bank in Malaysia with SBI. The company announced the deal from Los Angeles, giving the week’s second-largest round a direct US connection. Its broader expansion plans, however, remain focused on emerging markets and cross-border payments.