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Raises
Bullish
Total Investments7
Liquid Staking Protocol2
Web31
L11
DePIN1
DeFi1
RWA1
| Name | Round | Category | Description | Lead Investor | Chains | Other Investors | |||
|---|---|---|---|---|---|---|---|---|---|
| Arc blockchain | 11 May 2026 | $222m | Private Round | L1 | Arc is a stablecoin-native Layer 1 blockchain developed by Circle for institutional financial applications. It uses USDC-denominated gas, sub-second finality, configurable privacy, and native stablecoin infrastructure to support payments, tokenized assets, capital markets, FX settlement, and autonomous value transfer | a16z crypto | $3b | BlackRock, Intercontinental Exchange, Apollo Global Management, SBI Holdings, General Catalyst, SC Ventures, Marshall Wace, Ark Invest, IDG Capital, Haun Ventures, Bullish | |
| Superstate | 22 Jan 2026 | $82.5m | Series B | RWA | Superstate is an asset management firm that uses blockchain technology to issue tokenized investment products. It focuses on improving efficiency and transparency in asset management and has filed an Ethereum-based open mutual fund tied to short-term U.S. government bonds with the SEC | Bain Capital Crypto, Distributed Global | Haun Ventures, Brevan Howard Digital, Galaxy Digital, Sentinel Global, Hypershere, Bullish, Flowdesk | ||
| USD AI | 22 Sep 2025 | $4m | DeFi | USD.AI is a yield-bearing synthetic dollar protocol backed by real-world infrastructure assets | Bullish | ||||
| Wingbits | 21 Jan 2025 | $5.6m | Strategic | DePIN | The first-ever DePIN for aviation | Borderless Capital, Bullish | Antler, Tribe Capital, The Spartan Group, Heartcore Capital, SNZ Holding | ||
| Babylon | 30 May 2024 | $70m | Private | Liquid Staking Protocol | Bitcoin Staking Protocol | Paradigm | Polychain Capital, Bullish, HashKey Capital, Mantle Ecosystem, Galaxy, Hack VC, ViaBTC Capital, Amber Group, imToken, Breyer Capital, IOSG, HTX Ventures, LD Capital | ||
| ether.fi | 28 Feb 2024 | $27m | Series A | Liquid Staking Protocol | Native liquid restaking on Ethereum | CoinFund, Bullish | Amber Group, Bankless Ventures, OKX Ventures, ConsenSys, Foresight Ventures, Fourth Revolution Capital, Punk Ventures DAO, White Star Capital, Relayer Capital, Collider Ventures, Lvna Capital, Draper Dragon, Arrington Capital, North Island Ventures, Chapter One, Version One Ventures, Node Capital, Stani Kulechov, Sandeep Nailwal, Defi Dad, Parallel, Will Price, leptokurtic, MrBlock | ||
| Nonco | 08 Dec 2023 | $10m | Seed | Web3 | Digital asset brokerage firm | Valor Capital, Hack VC | Morgan Creek Digital, CMCC Global, Lvna Capital, Theta Capital, Libra Capital Ventures, Bastion Trading, Bullish |