Twenty One Capital, Securitize, aZen, Savea and Dexari headline a less active month for crypto venture capital.
May was a quieter month for crypto venture capital, but notable raises by tokenization platforms and a Hyperliquid wallet indicate that dealmaking remains active.
Perhaps the biggest development was the ongoing momentum for Twenty One Capital, the Bitcoin (BTC) treasury company backed by stablecoin issuer Tether, crypto exchange Bitfinex and Wall Street firm Cantor Fitzgerald. The company’s total funding reached $685 million after its backers exercised the option to purchase additional convertible bonds last month.
The backers of Twenty One Capital have exercised the option to purchase an additional $100 million of convertible senior secured notes, bringing the Bitcoin treasury company’s total funding to $685 million.
