WuBlockchain, citing RootData, said 61 crypto venture capital deals were publicly disclosed in August 2026, down 10.3% from 68 deals in July 2026 and down 45.0% from 111 deals in August 2025.
By sector, CeFi accounted for about 18% of disclosed deals in August, DeFi for about 29.5%, NFT/Game for about 3.3%, L1/L2 for about 4.9%, RWA/DePIN for about 4.9%, Tool/Wallet for about 8.2%, AI for about 9.8%, and Web3/Others for about 21.3%.
Total crypto VC funding disclosed for August 2026 came to about $742 million. That was down 68.0% from $2.321 billion in July 2026 and down 86.5% from $5.495 billion in August 2025.
WuBlockchain noted that projects with undisclosed financing amounts were included in the project count but not in the funding total. It also said the data may be revised later because not every financing is disclosed in the same month.
Largest disclosed rounds in August
Among the 10 biggest financings by disclosed amount, Ripple Prime, Ripple’s non-bank prime broker, completed an upsized $275 million private placement of senior unsecured notes. The proceeds will support its U.S. business, including working capital and general corporate purposes. The notes received a BBB investment-grade rating from KBRA, and Ripple Prime had previously received a BBB issuer rating from KBRA. Piper Sandler acted as lead placement agent for the transaction.
Crypto platform Bullish provided a $100 million debt financing facility to stablecoin protocol USD.AI. Developed by Permian Labs, USD.AI currently has more than $225 million in crypto assets locked in the protocol. Bullish also plans to list USD.AI’s sUSDai and open multiple trading pairs, creating a secondary-market channel for GPU-backed debt and linking on-chain capital with financing demand tied to compute power, with the stated goal of adding liquidity for AI infrastructure development.
Clearing and custody firm RQD* Clearing raised $74 million in a round led by Bain Capital, with participation from ABN AMRO Clearing Bank and Nyca Partners. The company plans to use the funds to expand in North America, Asia, and the Middle East, and to build products covering digital asset custody and tokenization. RQD* provides clearing and custody services for broker-dealers, investment advisers, and overseas financial institutions entering the U.S. market. The report added that clearing firms track positions, transfer securities and cash, and manage risk between trade execution and final settlement.
Stablecoin digital bank Fasset closed a new $68 million round led by Japanese financial group SBI Group, bringing the company’s valuation to $1 billion. It was Fasset’s second major funding round of the year after a $51 million raise in May, taking its total financing in 2026 to $119 million. Fasset operates a one-stop financial platform that allows consumers and businesses to hold, send, pay, and invest in different currencies and assets, using stablecoins as the underlying settlement infrastructure.
Yellow Card raised $40 million in strategic financing from SC Ventures, Sony Innovation Fund, Polychain Capital, Blockchain Capital, and other strategic investors. The company focuses on stablecoin infrastructure. It said the new capital will be used to expand its end-to-end dollar account product for businesses, Global USD Accounts, and to broaden stablecoin rails connecting global markets.
The issuer of yen stablecoin JPYC completed an additional financing in its Series B round, bringing the Series B total to about $38 million. The new investor was Japanese logistics group AZ-COM Maruwa Holdings, which invested about $6.3 million. The funding will be used to expand the finance and Web3 ecosystem and promote real-world use of the yen stablecoin JPYC.
Capital B completed a directed share issuance worth 21 million euros, with subscriptions from global institutional investors including Adam Back and TOBAM, to accelerate its Bitcoin Treasury Company strategy. According to the announcement, the securities were issued at 0.58 euros per share unit with four warrants attached to each ABSA. If all warrants are exercised, the company could raise up to an additional 135.8 million euros. Net proceeds from the current raise are expected to be about 19.9 million euros and, together with funds from ongoing operations, could allow the company to buy another 270 BTC, lifting its potential total holdings to 3,415 BTC.
Digital asset investment management firm Hivemind Digital Group raised $17 million in strategic financing led by UK asset manager M&G Investments, with participation from CPIC Investment Management (H.K.), ZA Bank, FalconX, and Sonic Boom Ventures. Alex Seddon, head of impact investing and private equity at M&G Investments, will join Hivemind’s board. Hivemind said the funding will support the buildout of institutional investment infrastructure for blockchain and frontier technology assets, and provide investors with digital asset-related investment tools and governance frameworks.
Entropy.io, the deployer of HIP-3, raised $14 million in financing led by Ribbit Capital and also secured $40 million in HYPE staking support. Its first market, Anthropic pre-IPO, has already gone live on Hyperliquid. The report said Entropy already offers perpetual trading under the Hyperliquid HIP-3 framework across assets including global equities, commodities, indexes, and pre-IPO stocks.
Full-stack financial infrastructure project City Protocol raised a combined $11 million across seed and Pre-A rounds. Investors included Dragonfly, CMT Digital, Stratified Capital, Bitscale Capital, Adaverse, Mirana Ventures, and Jump Crypto. According to the project description, City Protocol is working to bring structured financial products on-chain and lower the access threshold for multi-dimensional financial asset allocation.