Crypto VC Funding: Fnality secures $136m, Zerohash raises $104m

Crypto startups secured close to $380 million across 17 deals in the week of Sept. 21–27, led by Fnality’s $136 million Series C and Zerohash’s $104 million Series D.

Strategic raises and early-stage funding rounds, compiled using Crypto Fundraising ( https://crypto-fundraising.info/deal-flow/?start_date=2025-09-21&end_date=2025-09-27&sortby=raised&sort=desc&filter=closed ) ‘s database, are adding to the total despite broader market caution.

Summary

• Crypto startups raised $378M this week across 17 deals despite market caution
• Fnality led with $136M Series C; Zerohash followed with $104M Series D raise
• RedotPay hit $47M strategic funding; multiple seed deals boosted the total

Here’s a detailed breakdown of this week’s crypto funding activity:

Fnality International

• Raised ( https://crypto.news/fnality-raises-136m-scale-regulated-dlt-based-payment/ ) $136 million in a Series C round
• Fnality International is developing a regulated payment system
• The investment was backed by Westpac, Bank of America, and Citi
• The project has raised $344.2 million so far

We are proud to announce the successful close of our #SeriesC ( https://twitter.com/hashtag/SeriesC?src=hash&ref_src=twsrc%5Etfw ) funding round, which marks a significant milestone in our mission to build a new global settlement network.

Read our official PR: https://t.co/fYJFnA6bxS pic.twitter.com/orYIHo6HY3 ( https://t.co/orYIHo6HY3 )

— Fnality (@fnality) September 23, 2025 ( https://twitter.com/fnality/status/1970431985253290133?ref_src=twsrc%5Etfw )

Zerohash

• Zerohash secured ( https://x.com/ZeroHashX/status/1970458855168475348 ) $104 million in a Series D round
• The project is a full‑stack crypto‑service infrastructure provider
• Investors include Fifth Third, Morgan Stanley, and SoFi

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RedotPay

• RedotPay raised ( https://x.com/RedotPay/status/1971584821521703250 ) $47 million in a Strategic round with a fully diluted valuation of $1 billion
• The investment was backed by Coinbase Ventures, Galaxy Digital, and Vertex Ventures
• The project has raised $87 million so far

Bastion

• Bagged ( https://crypto.news/coinbase-sony-a16z-14-6m-bastion-stablecoin-business/ ) $14.6 million in a Strategic round
• Bastion is operating in analytics, asset management, data service, and stablecoin sectors
• Investors include Coinbase Ventures, Sora Ventures, and Samsung Next
• Bastion has raised $39.6 million so far

We’ve raised $14.6M, bringing Bastion’s total funding to $40M!

Led by @cbventures ( https://twitter.com/cbventures?ref_src=twsrc%5Etfw ) with @Sony_Innov_Fund ( https://twitter.com/Sony_Innov_Fund?ref_src=twsrc%5Etfw ) , @SamsungNext ( https://twitter.com/SamsungNext?ref_src=twsrc%5Etfw ) , @a16zcrypto ( https://twitter.com/a16zcrypto?ref_src=twsrc%5Etfw ) , and @Hashed_Official ( https://twitter.com/hashed_official?ref_src=twsrc%5Etfw ).

We’re building the regulated rails for enterprises to launch and scale stablecoins.

Read more in the link below ⬇️

— Bastion (@BastionPlatform) September 24, 2025 ( https://twitter.com/BastionPlatform/status/1970842813035319759?ref_src=twsrc%5Etfw )

Raiku

• Raiku raised ( https://x.com/raikucom/status/1970527988690395187 ) $11.25 million in a Seed round
• Backed by Pantera, Jump Capital, and Lightspeed Faction
• Raiku is a coordination layer and infrastructure protocol built

Projects < $10 Million

• BULK, $8 million ( https://x.com/_bulktrade/status/1970867330210218039 ) in a Seed round
• Cloudburst, $7 million in a Series A round
• Divine, $6.6 million ( https://www.axios.com/pro/fintech-deals/2025/09/25/stablecoin-lender-divine-paradigm-seed ) in a Seed round
• Shield, $5 million ( https://x.com/shield_xyz/status/1970204037854437628 ) in a Seed round
• Akio, $5 million ( https://x.com/akioworldnft/status/1970885064809435281 ) in a Seed round
• Coop Records, $4.5 million ( https://x.com/cooopahtroopa/status/1970182233702142123 ) in a Seed round
• Falcon Finance, $4 million ( https://x.com/FalconStable/status/1970708632905093520 ) in a Public sale
• USD AI (Permian Labs), $4 million ( https://x.com/Bullish/status/1970224210816463117 ) in an unknown round
• Stablecorp (QCAD), $3.6 million in a Strategic round
• Melee, $3.5 million ( https://x.com/meleemarkets/status/1970880930559729783 ) in a Pre-seed round
• Hana Network, $3 million ( https://x.com/KaitoAI/status/1970485546129424538 ) in a public sale with $400 million fully diluted valuation
• Lab, $1.5 million ( https://x.com/labtrade_/status/1970885419748483548?s=46&t=3PLDKu_ceEMXIlupxNsn4A ) in a Public sale

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