In June 2025, Blockchain and Web3 startups jointly drew a generous total of $ 1.15 billion over 140 deals, an increase of 3% in capital and 9% improvement in the dealing from May, according to data from Messaris’s latest financing update on X.
One name dominated newspaper heads: Kalshi. The prediction market with Donald Trump JR in his advisory board closed a $ 185 million financing round with a rating of $ 2 billion, supported by heavyweights paradigm, Sequoia Capital, Multicoin Capital, Neo, Bond Capital and Citadel Securities CEO, Peng Zhao.
Blockchain and Web3 startups drew $ 1.15 billion in 140 deals in June 2025. Source: Messari
Kalshi, who won a lawsuit against the US Commodity Futures Trading Commission (CFTC), lets traders bet on Real-World events, everything, from political elections to sport and the economy. With fresh capital now in hand, Kalshi is planning to deepen integrations with regular brokers and roll out new contract types.
Not far behind, digital assets secured $ 135 million in strategic financing that was directly aimed at accelerating the institutional acceptance of its Canton network. Canton is already Tokenized Real-World assets such as bonds and funds and is the interoperable blockchain protocol of Digital Asset for companies.
The new capital will feed the onboarding of more financial companies and activa classes, confirm the use of a broader use of industry and the role of Canton as a bridge between traditional financing and decentralized ledger technology. The round was led by, among others, DRW Venture Capital and Tradeweb markets, including investors.
Token sale -deals make a comeback
The frenzy is not limited to stock rounds. Token -sale is also back. World Liberty Finance, the outfit behind the USD1 Dollar-Pegged Stablecoin, collected $ 100 million in a private topping distribution.
Own Labs, supported by A16Z Crypto, attracted $ 70 million to refine its zero knowledge tools for projects such as Eigenlayer and Eigenenda, which underlines Premium Investors on Privacy and Scalability.
Even cryptography-heavy startups are busy with the action. Zama FHE closed a series of B of $ 57 million on a rating of $ 1 billion, led by Pantera Capital and Blockchange Ventures. Their pitch? Full gay coding that cracks data without ever exposing it, so that smart contracts can be performed on encrypted data. It is a technology that has been talked about for a long time and now in the direction of real use in finance, health care and government.
H1 2025 Financing trends can exist in the second half of the year
The 140 financing rounds of June include blockchain protocols at an early stage, compliance-ready fintechs and token-based companies. While the total capital has been used in accordance with the previous months, the increased Dealsing signals that investors use for a purpose give.
Hybrid financing models, which combine traditional equity with token distributions, are no longer niche; They become the best of both worlds as founders.
Looking ahead to the second half of 2025, the perseverance of the capital flow in prediction markets could intensify the competition between Kalshi and the close rival, polymarket, which it is said to close a Raise of $ 200 million that it would place in the same way in Eenhoorn area.
In the meantime, the Canton Network from Digital Asset will have its own test: those on a scale are promised financial companies and assets on a scale to prove that block chains of Enterprise-Grade Legacy systems can match security and performance.
