IOSG Ventures Invests in On-Ramp Infrastructure Fund

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On-chain news: On October 26 (UTC+8), IOSG Ventures announced a new investment in on-ramp infrastructure Fun, with the amount undisclosed. Fun provides embedded funding channels for internet marketplaces, integrating fiat gateways, tokens, assets, wallets, and blockchain networks. The platform supports deposit, withdrawal, cross-chain routing, and checkout functions. Fun currently handles all deposit and withdrawal services for Polymarket and is integrated with Lighter and Aave, processing $100 billion in annualized transaction volume. Project funding news: Fun was founded in 2022 by Alex Fine and raised a $72 million Series A in May 2026, led by Multicoin Capital and SignalFire.

ME News reports that on October 26 (UTC+8), IOSG Ventures announced an investment in Fun, a fiat on-ramp and off-ramp infrastructure provider, without disclosing the specific amount. Fun integrates fiat channels, cryptocurrencies, assets, wallets, and blockchain networks into a single unified system, enabling deposit, withdrawal, cross-chain routing, and checkout functionalities for internet marketplaces. Currently, Fun provides all deposit and withdrawal services for Polymarket and has integrated with platforms such as Lighter and Aave, processing an annualized volume of $10 billion. Fun was founded by Alex Fine in 2022.
Foresight News previously reported that Fun completed a $72 million Series A round in May 2026, led by Multicoin Capital and SignalFire, with participation from Infinity Ventures, Pharsalus Capital, and Tinder co-founder Justin Mateen. (Source: Foresight News)

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