Crypto Firms Raise $184M in Week; RQD* and Fasset Top Deals

Crypto and blockchain firms disclosed $184.1 million across eight funding rounds in the week of Aug. 22–28, with institutional backers driving a clear push into market infrastructure, on-chain finance and tokenized assets. The largest headline: New York-based RQD* Clearing landed a $74 million minority growth investment, while stablecoin neobank Fasset followed with a $68 million Series C that pushed its valuation to $1 billion. Quick snapshot - Total disclosed (Aug. 22–28): $184.1 million across eight rounds (excludes undisclosed/out-of-window deals, valuations, cumulative funding and acquisitions). - Major theme: five of eight deals focused on crypto market infrastructure, on-chain finance, or tokenized assets. - Data sources: DropsTab, CryptoRank, Crypto Fundraising and company announcements. Top deals and what they mean 1) RQD* Clearing — $74M (minority growth investment) Led by Bain Capital Tech Opportunities, with participation from ABN AMRO Clearing Bank and Nyca Partners, RQD*’s $74 million round accounted for roughly 40% of the week’s total disclosed funding. RQD* provides clearing, custody and tech services for broker-dealers, registered investment advisers and foreign firms accessing U.S. markets. The firm said the capital will accelerate product development and geographic expansion across the U.S., Europe and Asia, and fund infrastructure for digital assets and tokenized securities — helping traditional financial institutions custody blockchain-based assets and link them to established clearing systems. 2) Fasset — $68M Series C (valuation: $1B) Led by Japan’s SBI Group and joined by Speedinvest (an earlier investor), this round follows Fasset’s $51 million Series B in May. The two rounds bring Fasset’s disclosed 2026 funding to $119 million. The company operates a stablecoin payments and tokenized-asset platform with digital banking services in 125 countries. Fasset said it will use the proceeds to expand its payments network, build AI-driven financial tools and support a planned digital bank in Malaysia in partnership with SBI. Though announced from Los Angeles, Fasset continues to target emerging markets and cross-border payments. 3) Hivemind Digital Group — $17M strategic round Led by M&G Investments with participation from CPIC Investment Management Hong Kong, ZA Bank, FalconX, Sonic Boom Ventures and others, Hivemind’s funding will back tokenization infrastructure, institutional partnerships and investments across digital assets and related tech sectors. Hivemind is the parent of digital-asset manager Hivemind Capital and plans to expand systems for issuing, managing and distributing tokenized financial products. 4) Entropy — $14M equity financing (+ $40M HYPE staking support) Ribbit Capital led the equity raise; the company did not disclose valuation or other equity investors. Separately, Entropy received a $40 million HYPE staking commitment (not counted in the weekly funding total). Entropy builds markets using Hyperliquid’s HIP-3 system, which lets approved deployers launch perpetual futures after meeting staking criteria. Its first product offers exposure to Anthropic’s private-market valuation via a perpetual contract. The team plans additional markets for private companies, equities, commodities, plus pricing and liquidity tools for assets without continuous public price feeds. Why this week matters Institutional investors — including major banks, asset managers and established VCs — are increasingly financing the plumbing that connects traditional finance to crypto rails: clearing, custody, tokenization, and on-chain market infrastructure. At the same time, growth capital continues to flow into stablecoin-enabled banking platforms focused on cross-border payments and emerging-market adoption. Sources for the data were DropsTab, CryptoRank, Crypto Fundraising and official company releases; the weekly tally only reflects disclosed rounds announced within the seven-day window.