Cryptocurrency venture capital financing: Félix gets $200 million, Cari raises $32.5 million

Crypto and Blockchain Financing Weekly Report from August 31 to September 5, 2026

During the week from August 31 to September 5, 2026, a total of 10 crypto and blockchain companies disclosed financing transactions totaling US$292.35 million. Among them, Félix led this week's list with a US$200 million financing package that included equity and debt, while bank-backed digital capital network Cari received US$32.5 million in investment.

Market Overview

In seven days this week, ten crypto and blockchain companies disclosed a total of US$292.35 million in financing. The main highlights include:

• Félix successfully raised US$200 million through US$87 million in equity financing and US$113 million in credit line.
• Cari received $32.5 million from seven U.S. banks to build its tokenized deposit network.
• OpenReserve announced that it has completed a US$25 million seed round of financing and simultaneously obtained preliminary approval for a U.S. bank license.

Payments and banking infrastructure accounted for US$270.5 million of total financing disclosed this week, accounting for nearly 93%. OpenReserve and Diameter Pay have also attracted funding for their placement in regulated banking services and stablecoin payment infrastructure. It is worth noting that this week's total includes Félix's $113 million credit line, so this data represents "disclosed financing" rather than pure private equity (VC) data.

According to data from DeFiLlama, CryptoRank and company announcements, investors focused most of their capital this week on stablecoin payments, remittances and tokenized banking infrastructure. The total does not include acquisitions and unconfirmed reports (such as Polymarket's rumored $1 billion financing round).

Félix raises US$200 million for stablecoin remittances business

Miami-based Félix has completed a US$200 million Series C funding round to expand its WhatsApp financial platform for Hispanic customers in the United States. The financing package includes a $87 million equity investment led by Andreessen Horowitz, with institutions such as QED Investors, Castle Island Ventures, Switch Ventures, Contour Venture Partners and Endeavor Catalyst also participating in the investment.

In addition, General Catalyst's Customer Value Fund has separately committed a US$113 million credit line. Félix plans to expand its business beyond remittances to savings, loans and AI-backed financial services.

The company uses USDC on the Stellar network to assist in settling cross-border transfers and works with Bitso to convert funds between digital assets and local currencies. Félix said it has processed more than US$8 billion in transactions in 11 Latin American markets and served more than 6 million users.

This round of financing brought the company's cumulative fundraising amount to nearly US$300 million. Although Félix did not disclose the latest valuation, it revealed that the valuation has tripled since the US$75 million Series B financing in 2025.

Cari receives US$32.5 million in financing from Bank of America

Washington, D.C. -based Cari completed the first tranche of its first round of external funding, totaling $32.5 million. All funds come from banking institutions. Banks participating in this round include First Horizon Bank, Huntington Bank, KeyBank, M&T Bank, Old National Bank, SouthState Bank and Glacier Bank.

Cari is developing a bank-governed network that allows licensed institutions to issue and transfer tokenized commercial bank deposits. Its permission-based Layer 2 network is anchored on Ethereum, while participating banks remain responsible for issuing and managing their respective deposits.

According to the company's announcement, the funds will be used for product development, bank settlement and network integration. Currently, Cari has signed contracts with 30 banks and is negotiating with another 40 institutions.

Unlike stablecoins backed by separate reserve assets, tokenized deposits represent the liabilities of the issuing bank. Cari's structure is designed to allow regional and community banks to use programmable payment tracks without having to hand over control of deposits to non-bank issuers.

OpenReserve announced a US$25 million seed round of financing

OpenReserve announced the completion of a US$25 million seed round of financing led by a16z crypto, committed to establishing an all-round National Bank of the United States with continuous settlement as its core. Jump Crypto, Areel Capital, Coinbase Ventures, Wintermute Ventures, Clocktower Technology Ventures, Quona Capital, AAF Management and Zero Knowledge participated in the investment.

The announcement follows preliminary conditional approval issued by the Office of the Comptroller of the Currency (OCC). Before it can officially start banking, OpenReserve still needs to raise at least $210 million in initial paid-up capital, obtain Federal Deposit Insurance Corporation (FDIC) guarantees, and meet OCC pre-opening requirements.

The proposed Utah-based bank plans to provide deposits, loans, digital asset custody, tokenized deposits and stablecoin payment services. OpenReserve said its infrastructure will support settlement services outside of regular U.S. payment system operating hours.

Diameter Pay receives US$10 million in capital injection to develop stablecoin payments

Jersey City-based Diameter Pay has completed a US$10 million Series A round jointly led by CMT Digital and Lightspeed Facilitation. SixThirty Ventures, Stellar Development Foundation, Onigiri Capital, Tech Council Ventures and BitRock Capital also joined the equity investment round.

Diameter Pay provides financial institutions with U.S. dollar virtual accounts, domestic and foreign payment tracks, stablecoin access, and compliance tools through an application programming interface (API). Before announcing the financing, the company had processed more than US$10 billion in payments in 2026.

The funds will be used to expand more bank connectivity, stablecoin settlement services, foreign exchange products and compliance infrastructure.

Other financing projects

Financing amounts between US$3 million and US$8 million

Firelight: Completed an $8 million seed round of financing led by gumi Cryptos Capital. Maven 11, Metalayer Ventures, Joint Effects and Tribe Capital participated. The agreement uses pledged digital assets to hedge smart contract vulnerabilities and other DeFi risks.

MemeBitcoin: Received US$8 million in strategic financing from Gemhead Capital, Archer Capital, M2M Capital and Mayer Venture. The bitcoin-based project said the funds will be used for public launches, community activities and preparations for listings on a centralized exchange.

GAEA: Received US$3.6 million in strategic financing from MH Venture, CGV FOF, K24 Ventures and M2M Capital. This decentralized AI project plans to develop infrastructure that connects users, data, computing resources, and AI agents.

Plenti: Colombia fintech startup Plenti has completed a US$3 million seed round of financing led by Tether and participated by Verda Ventures. Plenti plans to strengthen its presence in Colombia and expand its multi-currency accounts and investment platform to Peru and Bolivia.

Financing is less than US$3 million

ParlayX: Forecasting market infrastructure company ParlayX has completed a US$1.25 million Pre-seed round of financing led by Dreamcraft Ventures. The platform is building collaborative trading, key management, reporting and order execution tools for institutional predictive market participants.

Polaris: Polaris, the Ethereum-based DeFi protocol, has completed a $1 million angel round of funding supported by contributors related to the Ethereum Foundation, Fusion, Altitude, Liquity and LI.FI. Polaris is developing pETH, an income-bearing collateralized asset designed to support decentralized stablecoins, synthetic assets and tokenized commodities.