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Crypto vc funding gained significant momentum during the week of October 24–30, 2026, as cryptocurrency companies, blockchain startups and digital asset infrastructure providers announced billions of dollars in new financing.
Leading the activity was prediction market operator Kalshi, which raised $1 billion in a Series G funding round at a reported $40 billion valuation.
The funding activity also included HIVE Digital Technologies securing approximately $129 million in debt financing for artificial intelligence (AI) infrastructure and PhotonPay completing a $40 million Series C round to expand its stablecoin-powered payments business.
According to the October 31 report by crypto.news, at least 10 disclosed financing transactions accounted for approximately $1.24 billion during the seven-day period.
Kalshi’s latest financing round was the largest disclosed transaction during the reporting period. Announced on October 29, the Series G investment was jointly led by Wellington Management and Sequoia Capital, with participation from several prominent financial institutions and venture capital firms.
Other investors included Baillie Gifford, Andreessen Horowitz, Coatue, CapitalG and Morgan Stanley Investment Management, alongside additional participants.
The $40 billion post-money valuation represents a major milestone for the prediction market company. Its fundraising comes as prediction markets increasingly attract attention from institutional investors seeking exposure to alternative financial products.
Kalshi said it would direct the new capital towards strengthening its institutional sales operations, improving product development and expanding its international presence. Latin America and Europe are among the markets targeted for further growth.
The company also intends to introduce additional financial products, including market indices, single-stock perpetual futures and compute-related markets.
Kalshi reported more than 30 million accounts and annualized trading volume exceeding $1 trillion across its exchange. These figures indicate the scale of its existing operations and explain why the company has attracted substantial investor interest.
Another significant development in the week’s Crypto vc funding activity came from HIVE Digital Technologies, which announced approximately $129 million in institutional debt financing through its subsidiary, BUZZ Alpha Cloud.
The financing agreement, announced on October 27, carries a fixed annual interest rate of 9% over three years. Unlike an equity fundraising arrangement, the facility is structured as debt, meaning HIVE will not issue additional common shares to secure the financing.
The company intends to use the proceeds to purchase advanced Nvidia GPU systems and supporting infrastructure for an AI computing deployment in Canada.
The project is connected to an existing three-year customer agreement with Cohere, an artificial intelligence company. HIVE expects the infrastructure to support the delivery of computing services under that arrangement.
An important aspect of the transaction is its repayment structure. According to HIVE, the loan is secured against the equipment and associated assets, while repayment is expected to come from revenue generated through the customer contract.
Beyond Kalshi and HIVE, several other companies secured substantial financing during the week, reflecting the diversity of investment opportunities attracting institutional capital.
PhotonPay completed a $40 million Series C funding round led by Blockchain Capital, with participation from SBI Group and existing investors, including IDG Capital, GL Ventures and Lightspeed Faction.
The Hong Kong-based financial technology company plans to use the funding to expand its stablecoin payment infrastructure, including multi-asset wallets, international card issuance and local payment clearing services.
Its business model connects stablecoin liquidity with conventional banking and payment networks, allowing businesses to use digital assets for transactions and settlement.
PhotonPay reported annualized transaction volume of $65 billion as of August 2026 and more than 200,000 business customers. These figures provide an indication of the commercial activity supporting its expansion plans.
Meanwhile, AI computing infrastructure provider Hyperbolic raised $30 million in a Series A1 round led by Walden Catalyst. Dell Technologies Capital, General Catalyst and Vista Equity Partners also participated.
The company plans to strengthen its Forge software, cloud coordination services and proposed GPU capacity marketplace.
Luxor also announced a $16 million strategic financing round led by CMT Digital. Its plans include expanding AI hardware operations, cloud services and computing-related financial products. The transaction included both new investment and secondary share sales.
While the largest transactions dominated headlines, smaller financing rounds also contributed to the week’s investment activity.
Predicate secured $8 million in Series A financing led by Blockchain Capital. The company develops compliance screening technology for digital asset businesses, helping integrate regulatory checks into cryptocurrency-related transactions.
Cancore announced $7.2 million in seed funding, with backing from Paper Ventures, dao5, ArkStream Capital and other investors. Its objective is to improve connections between assets on the Canton network and liquidity available across public blockchains.
Spicenet also secured $5 million in Series A financing led by dao5, with Babylon and Astrarizon participating. The company intends to use the proceeds to develop its brokerage products, support its token launch and improve network liquidity.
Another project, Mochatrade, received $4.87 million in its latest seed financing. CoinFund reportedly led the round, while Coinbase Ventures also participated.
Birch Hill completed a $4 million seed round led by Multicoin Capital, alongside ParaFi, Castle Island Ventures and Nascent. The company is developing infrastructure designed to bring US credit markets onto public blockchains.
Compliance solutions, brokerage services, tokenized credit and cross-chain liquidity are all areas that could benefit from increased participation by institutional investors.
The broader Crypto vc funding picture also included undisclosed investments. Ibis launched with $250 million in credit capacity provided by FalconX, alongside an undisclosed pre-seed financing round involving FalconX, Anchorage Digital and Innovating Capital.
Intercontinental Exchange (ICE) also acquired an undisclosed strategic stake in Trade\(XYZ\), alongside plans for regulated US perpetual markets, subject to regulatory approvals.
The Stellar Development Foundation made an undisclosed investment in Marketnode to support institutional access to tokenized financial products across the Asia-Pacific region.
The latest Crypto vc funding figures suggest that institutional investors are maintaining exposure to several segments of the digital asset economy rather than concentrating their capital in a single sector.
The smaller transactions also deserve attention because they target essential components of the digital asset ecosystem, including regulatory compliance, brokerage technology, tokenized financial products and blockchain interoperability.
In HIVE’s case, for example, the $129 million facility carries a fixed repayment obligation, making its contracted customer revenue and infrastructure deployment particularly important.
Similarly, Kalshi’s $40 billion valuation will need to be assessed against its ability to maintain trading activity and execute its international expansion strategy.
Overall, the week’s Crypto vc funding developments point to sustained institutional interest in the intersection of cryptocurrency, financial technology and artificial intelligence.
Whether these investments deliver long-term returns will depend on execution, market demand and the ability of the companies involved to build commercially sustainable businesses.
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