Crypto venture capital activity produced 61 publicly disclosed deals in September 2026, according to RootData. That was down 1.6% from 62 deals in August 2026 and down 35.1% from 94 deals in September 2025.
By category, CeFi made up about 19.4% of September’s activity, DeFi accounted for about 22.6%, Privacy represented about 1.6%, RWA/DePIN came in at about 14.5%, Tool/Wallet represented about 3.2%, and AI accounted for about 12.9%.
Total crypto VC funding for the month reached about $1.269 billion. That was up 71.1% from $742 million in August 2026, but down 79.2% from $6.096 billion in September 2025.
RootData said projects with undisclosed fundraising amounts were included in the project count but excluded from the aggregate funding total. It also said the figures could be revised later because not every financing is disclosed in the month it takes place.
Largest September rounds and transactions
Prediction market platform Polymarket raised a new round in early September 2026 led by 1789 Capital, the venture firm where Donald Trump Jr. is a partner. The round valued Polymarket at $21 billion post-money, up about 40% from roughly $15 billion in the previous round. 1789 Capital had already invested about $200 million before this deal, bringing its total capital commitment to about $500 million.
Félix, a WhatsApp remittance platform serving Latin American immigrants in the United States, completed a $200 million Series B. The company said the funding will be used to expand its stablecoin-settled cross-border remittance business into lending and savings. Andreessen Horowitz led an $87 million equity investment, with QED Investors, Castle Island Ventures, Switch Ventures, Contour Venture Partners, and Endeavor Catalyst participating. General Catalyst’s Customer Value Fund separately provided a $113 million credit facility. Users initiate transfers inside WhatsApp, while settlement happens in USDC in the background and recipients receive local fiat currency.
Enterprise stablecoin banking platform Jeeves closed a $110 million Series C led by CoinFund. Investors in the round included AllianceBernstein, Andreessen Horowitz, Coinbase Ventures, CRV, GIC, ParaFi, Vista, Wintermute, and Y Combinator. The company said the capital will go toward stablecoin wallet infrastructure. At present, about 50% to 60% of its international payments are settled through stablecoins including USDC and EURC.
Nasdaq Ventures made a $100 million strategic investment in Payward, the parent company of crypto exchange Kraken, valuing the business at $21 billion. The investment extends the partnership the two sides announced in March. Under that arrangement, Kraken will distribute tokenized RWA shares of Nasdaq-listed companies on its platform, and the pair plan to launch the related market infrastructure in the second quarter of 2027.
MoonPay agreed to acquire U.S. private market infrastructure platform North Capital in an all-stock deal at a valuation of more than $60 million. The transaction is not a traditional cash financing and still requires regulatory approval. Once completed, North Capital will become a wholly owned subsidiary and bring with it SEC-registered broker-dealer, alternative trading system, transfer agent, and investment adviser businesses to support RWA and on-chain capital markets.
Blockchain market data provider Kaiko raised $57 million in a new financing led by S&P Global. The deal expanded its Series B total to $110 million. Participants included Coinbase Ventures, Nasdaq Ventures, BNP Paribas, Bpifrance, Broadridge, DRW, Royal Bank of Canada, and Susquehanna. The company said it will use the funding to strengthen on-chain market data, indices, and data infrastructure, and to work with S&P Global on digital asset indices.
World Foundation said its subsidiary World Assets, Ltd. completed $49 million in over-the-counter sales of WLD over the past month. All tokens sold carry a one-year lock-up. Some transactions have already settled, and delivery and settlement for the remaining WLD were expected to finish during the week of the announcement.
USD.AI said on Sept. 15, 2026 that it had secured a $40 million stablecoin revolving debt facility from crypto-native asset manager K3 Capital. The facility is collateralized by sUSDai and can be drawn, repaid, and reused to support new product launches. USD.AI, which is developed by Permian Labs, said the loan term is about three years with monthly amortization. The facility followed an earlier $100 million stablecoin debt financing provided by Bullish.
Stablecoin infrastructure company HIFI said on Sept. 24, 2026 that it had raised a $37 million Series A led by Left Lane Capital. Managing Partner Matthew Miller will join the board. The company said the money will be used to add licenses, expand teams in New York and overseas, and extend its product set from stablecoin payments into card issuance and RWA capital markets. HIFI said it now serves more than 10,000 businesses and 200,000 end users across about 87 countries, and that it has participated in a DTCC repo pilot.
Cross-border stablecoin payments infrastructure company Latitude said on Sept. 9, 2026 that it had raised a $35 million Series A led by Oak HC/FT, with participation from NEA, Coinbase Ventures, Lightspeed Faction, and OpenFX. The round followed an $8 million seed financing earlier this year, bringing total funding to $43 million. Latitude connects stablecoin settlement to local bank accounts and mobile wallets, allowing recipients to receive fiat currency without holding a crypto wallet.