Funding Weekly: Nasdaq Backs Kraken Parent Payward With $100 Million as Mistral AI Raises €3 Billion
PANews’ latest funding roundup shows capital in crypto continued to cluster around stablecoin payments, compliance tooling, and the convergence of traditional finance with digital assets, while AI dealmaking stayed centered on infrastructure. In crypto, Nasdaq invested $100 million in Payward, the parent company of Kraken, valuing the company at $21 billion. Latitude raised a $35 million Series A for cross-border stablecoin payment infrastructure, and TRM Labs’ valuation doubled to $2 billion after another follow-on investment from existing backers. Circle also said it plans to acquire cross-border payments platform Tazapay in an all-stock deal valued at about $400 million, pending regulatory approval and expected to close in 2027. PANews said that from Sept. 7 to Sept. 13, the global blockchain sector recorded eight disclosed financing events with total funding of more than $158 million. Elsewhere, Antarctic Exchange, Agentum, RealGo, and TINA all announced fresh raises, while Sei Labs acquired Bilinear Labs. In AI, infrastructure remained the dominant theme. French startup Mistral AI closed a €3 billion Series D at a post-money valuation above €21 billion. Positron raised $875 million at a $5 billion valuation, Celero Communications secured $275 million at a valuation above $3 billion, and Cognition raised $2 billion, lifting its valuation to $48 billion. Additional rounds went to Clay, Savvy Wealth, Lightfield, and Herdr, while Meta acquired Sweden-based Stilla.ai.








