Cryptocurrency fundraising came back into focus in April, with several well-known names and emerging infrastructure projects making big rounds across payments, trading, stablecoins, compliance, and onchain tools. In a post shared by CryptoDep, the account Highlight “The Biggest Crypto Fundraising Events of April,” marking a month that saw capital continue to flow into companies building the next layer of cryptocurrency and fintech infrastructure.
Among the most notable increases was Payward, Kraken’s parent company, which reportedly received $200 million. This alone made it the largest round in the CryptoDep report, underscoring how investor appetite remains strong for established, exchange-related companies with broader financial services ambitions. Another notable highlight was StableDev, described in the post as a publicly traded stablecoin platform, which raised $134 million. With stablecoins continuing to play a central role in cryptocurrency adoption and cross-border transfers, the size of this round reflects the amount of interest the sector continues to attract.
Slash, a fintech company that provides banking services, followed with a $100 million increase. The company is located in a space that is becoming increasingly important as cryptocurrencies and traditional financial services continue to overlap. Companies that can bridge the gap between these two worlds have often been among the most closely watched, and Slash’s fundraising suggests that investors are still willing to strongly support that thesis.
Pharos, a Tier 1 asset chain, also had a strong performance in April, generating $44 million. Layer 1 networks remain one of the most competitive and crowded areas of the cryptocurrency market, but projects that frame themselves around institutional or asset-focused use cases are still finding support. Fence, which automates asset-backed financial facilities, has raised $20 million, suggesting that tokenization and real-world asset infrastructure continue to attract interest from investors looking beyond pure trading or consumer applications.
The round also included a number of medium-sized rounds related to cryptocurrency infrastructure and financial instruments. Squads, a multisig cryptocurrency co-management system, raised $18 million, while Liquid, a non-custodial trading platform, also raised $18 million. Belo, an international payments wallet, raised $14 million, and Paxos Labs, which builds B2B infrastructure for onchain products, raised $12 million. BetHog, a crypto casino and sports betting company, completed the list with a $10 million increase.
What stood out in CryptoDep’s tweet was not just the amount of money raised, but also the mix of backers involved. Investors mentioned in the post are included Coinbase projectsSolana Ventures, Tether, Galaxy, Haun Ventures, Blockchain Capital, Y Combinator, Framework, and others. This proliferation shows that crypto fundraising continues to be supported by a mix of specialized crypto funds, venture capital firms, and strategic investors keeping an eye on new infrastructure, payments, and financial rails.
The presence of names like Tether, Coinbase Ventures, and Solana Ventures also points to a familiar trend in the market: capital often flows toward projects that can enhance existing ecosystems or expand practical use cases for cryptocurrencies. Stablecoins, wallets, multi-sig tools, trading platforms, and asset-backed finance are all in areas where adoption can happen faster than in the more speculative parts of the sector.
Taken together, April’s fundraising activity suggests that investors remain bullish on cryptocurrency companies providing real benefit, especially those serving payments, infrastructure, and financial operations. While market sentiment often changes quickly in the digital asset space, the scale and diversity of these rounds shows that capital is still chasing projects that can link cryptocurrencies more directly to mainstream financial activity. CryptoDep’s April report paints a simple picture: Even in a cautious market, investors remain willing to fund companies they believe can shape the future of cryptocurrency finance.
