RQD* and Fasset Secure $74M and $68M in Crypto Infrastructure and Tokenization Deals

Crypto VC roundup: $184M disclosed as infrastructure, on‑chain finance and tokenization take center stage Crypto and blockchain companies announced $184.1 million across eight disclosed funding rounds for the week of Aug. 22–28, led by a $74 million growth investment in RQD* Clearing and a $68 million Series C for stablecoin neobank Fasset. Five of the eight deals focused on crypto market infrastructure, on‑chain finance or tokenized assets, underscoring continued investor appetite for projects that bridge traditional finance and blockchain. Top deals - RQD* Clearing — $74M (minority growth investment) New York‑based RQD* secured the week’s largest disclosed financing, a $74 million minority growth investment led by Bain Capital Tech Opportunities, with participation from ABN AMRO Clearing Bank and Nyca Partners. RQD* provides clearing, custody and technology services to broker‑dealers, registered investment advisers and foreign financial institutions seeking U.S. market access. 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 to help traditional financial institutions custody blockchain‑based assets and connect them to established clearing systems. The deal represented roughly 40% of the weekly total and was structured as a growth investment rather than a conventional VC round. - Fasset — $68M (Series C; $1B valuation) Stablecoin payments and digital banking platform Fasset raised $68 million in a Series C led by Japan’s SBI Group, valuing the company at $1 billion. The round follows a $51 million Series B in May, bringing Fasset’s disclosed 2026 funding to $119 million. Speedinvest—an earlier investor—also participated. Fasset offers stablecoin payments, tokenized assets and digital banking across 125 countries; it plans to use the proceeds to expand its payment network, build AI‑driven financial tools and support a planned digital bank in Malaysia in partnership with SBI. Though announced from Los Angeles, Fasset’s growth strategy remains focused on emerging markets and cross‑border payments. - Hivemind Digital Group — $17M (strategic round) New York– and London‑based Hivemind completed a $17 million strategic financing led by M&G Investments, with additional participation from CPIC Investment Management Hong Kong, ZA Bank, FalconX, Sonic Boom Ventures and others. Hivemind, the parent of digital asset manager Hivemind Capital, said the funds will support tokenization infrastructure, institutional partnerships and investments across digital assets and adjacent tech, as well as expansion of systems to issue, manage and distribute tokenized financial products. - Entropy — $14M (equity financing) plus $40M staking support On‑chain trading platform Entropy raised $14 million in equity financing led by Ribbit Capital; the company did not disclose valuation or other equity investors. Separately, Entropy received a $40 million HYPE staking commitment (not fresh equity and excluded from the weekly funding total). Entropy builds markets on Hyperliquid’s HIP‑3 framework, enabling approved deployers to launch perpetual futures markets after meeting staking requirements. Its first product gives exposure to Anthropic’s private‑market valuation via a perpetual contract; the team is developing additional markets for private companies, equities, commodities and other assets alongside pricing and liquidity tools for markets that lack continuous public price feeds. Week’s theme and data notes The predominance of infrastructure, on‑chain finance and tokenization deals highlights continued institutional interest in plumbing that connects legacy finance with blockchain rails—clearing, custody, token issuance and market‑making. Funding figures were compiled from DropsTab, CryptoRank, Crypto Fundraising and official announcements. The weekly total excludes undisclosed rounds, valuations and cumulative funding figures, acquisitions and capital announced outside the seven‑day window. Short take Investors are still pouring capital into the rails that make large‑scale institutional and cross‑border crypto use cases possible. Expect more growth‑style checks into companies focused on custody, clearing and tokenized securities as traditional finance seeks safer, scalable entry points into crypto.