Twenty One Capital secures $100 million in Bitcoin treasury funding

Crypto venture capital activity remained subdued in May, but several key funding rounds highlighted growing interest in tokenisation platforms and infrastructure projects.

Twenty One Capital, a Bitcoin (CRYPTO:BTC) treasury firm backed by Tether (CRYPTO:USDT), Bitfinex, and Cantor Fitzgerald, secured an additional $100 million through the exercise of convertible bond options.

This brought the company’s total capital to $685 million.

The firm, which recently emerged from stealth mode, is aiming to acquire billions in Bitcoin holdings.

CEO Jack Mallers announced that a public proof-of-reserves ledger would be introduced to verify the company’s Bitcoin assets.

aZen, a decentralised computing platform focused on decentralised physical infrastructure networks (DePINs) for AI applications, raised $1.2 million in a seed round led by Waterdrip Capital.

Other participants included DWF Ventures and Rootz Labs.

aZen aims to reduce reliance on advanced chips amid ongoing US-China trade tensions.

The platform currently supports over 500,000 users and more than 80,000 nodes on its DePIN testnet.

Securitize, a tokenisation platform managing $4 billion in onchain assets, received an undisclosed investment from Jump Crypto to advance institutional adoption.

The funding follows a $47 million investment from BlackRock earlier in 2024.

Nearly $3 billion of Securitize’s assets come from BlackRock’s USD Institutional Digital Liquidity Fund.

Savea, a UK-based tokenisation startup, raised $2.5 million in seed funding led by EmergentX.

The firm is developing tokenised investment products backed by physical assets such as fine wine, luxury watches, and classic cars.

Its SAVW token, built on Ethereum (CRYPTO:ETH), is backed by reserves held with the Decentralised Storage and Tokenisation Network (DESAT).

Dexari, a self-custodial crypto wallet built on the Hyperliquid (CRYPTO:HYPE) platform, closed a $2.3 million seed round co-led by Prelude and Lemniscap.

The firm aims to launch its mobile trading app on iOS and Android.

Lemniscap founder Roderik van der Graaf described Dexari as “setting a new standard in crypto UX.”

Despite relatively lower overall investment volume, May’s activity reflects focused interest in digital asset infrastructure, tokenised real-world assets, and user-centric wallet solutions.

At the time of reporting, the Bitcoin (BTC) price was $105,618.