Top 10 crypto fundraising rounds in 2025 — and what they mean for 2026

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Paradigm and Sequoia Capital, but also white-shoe stalwarts BlackRock, JP Morgan, and Goldman Sachs.The blockbuster deals underscore the convergence between crypto and traditional financial institutions, according to Charles Chong, VP of strategy at crypto investment firm BlockSpaceForce.“The line between fintech, TradFi, and crypto will continue to blur,” Chong told DL News.“Blockchain rails will increasingly sit in the background, improving settlement, custody, and programmability, while most crypto-specific complexity is abstracted away from end users,” Chong said.In the converging environment, the main dynamic is companies with a big client base splurging to buy infrastructure firms, regardless of whether they started as fintech or crypto, he said.“Stablecoins and tokenised assets will keep growing because they solve obvious problems for banks, funds, and corporations,” he said.Here are the top 10 biggest raises in 2025.In March, crypto exchange Binance raised $2 billion in a strategic round led by Abu Dhabi-based fund MGX.The raise is the largest single investment in crypto history and marks a key milestone in Binance’s post-regulatory transformation, as it doubles down on institutional services and compliance infrastructure.In October, US President Donald Trump pardoned Changpeng Zhao, the former Binance CEO who served a four-month prison sentence in 2024 after pleading guilty to violating US laws by failing to do enough to prevent criminals, sanctioned entities and other bad actors from laundering billions of dollars in dirty money, according to court filings.White House Press Secretary Karoline Leavitt told DL News that Zhao was “prosecuted by the Biden Administration in their war on cryptocurrency.”In October, Prediction platform Polymarket locked in a $2 billion strategic raise led by the New York Stock Exchange’s parent company ICE.“Our investment blends ICE [with] a forward-thinking, revolutionary company pioneering change within the decentralised finance space,” said Jeffrey Sprecher, ICE CEO.The $2 billion dollar investment certainly raised a few eyebrows, but Michael Blaugrund, vice president of strategic initiatives at Intercontinental Exchange, said in November that Zohran Mamdani’s New York City mayoral election win vindicated the sale.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,858.47 +12.97 (+0.19%)Dow 3048,382.39 +319.10 (+0.66%)Nasdaq23,235.63 -6.36 (-0.03%)Russell 20002,508.22 +26.32 (+1.06%)VIX14.51 -0.44 (-2.94%)Gold4,329.60 -11.50 (-0.26%)Trending tickersBTC-USD Bitcoin USD 91,397.70 +1,648.80 (+1.84%)ETH-USD Ethereum USD 3,142.84 +42.83 (+1.38%)XRP-USD XRP USD 2.08 +0.07 (+3.42%)CVX Chevron Corporation 155.90 +3.49 (+2.29%)XOM Exxon Mobil Corporation 122.65 +2.31 (+1.92%)PortfolioSign in to access your portfolioSign inTop gainersFLNC Fluence Energy, Inc. 23.01 +3.23 (+16.33%)SNDK Sandisk Corporation 275.24 +37.86 (+15.95%)SMR NuScale Power Corporation 16.31 +2.14 (+15.10%)BIDU Baidu, Inc. 150.30 +19.64 (+15.03%)ASTS AST SpaceMobile, Inc. 83.47 +10.84 (+14.93%)Top losersPAY Paymentus Holdings, Inc. 28.47 -3.12 (-9.88%)KVYO Klaviyo, Inc. 29.32 -3.15 (-9.70%)LQDA Liquidia Corporation 31.40 -3.09 (-8.96%)APP AppLovin Corporation 618.32 -55.50 (-8.24%)PSNY Polestar Automotive Holding UK PLC 19.81 -1.56 (-7.30%)Most activeONDS Ondas Holdings Inc. 11.02 +1.26 (+12.91%)NVDA NVIDIA Corporation 188.85 +2.35 (+1.26%)PLUG Plug Power Inc. 2.2300 +0.2600 (+13.20%)INTC Intel Corporation 39.38 +2.48 (+6.72%)TSLA Tesla, Inc. 438.07 -11.65 (-2.59%)Top economic eventsEarnings eventsMy earnings eventsEarnings events