On October 24, 2025, PunkCode, a company focused on IP-driven collectible culture, XR immersive experiences, and digital asset operations, announced the completion of a new funding round led by Meridian Capital. The investment, structured in USD-denominated capital, totals several tens of millions of RMB.
According to the company, the new funds will be primarily used to:
Expand and scale its original IP content ecosystem;
Upgrade its XR spatial computing and interactive experience technology stack;
Accelerate international channel development and brand deployment.
PunkCode emphasized that this round of financing not only lays the foundation for its upcoming overseas listing framework, but also significantly advances the global replication of its flagship international product line, PunkVerse.
This strategic investment is a strong signal that the market is recognizing and validating the innovative commercial model represented by PunkVerse—an integrated system combining collectible IP, immersive experience, and assetization on a global scale.