Ripple secures $666 million funding bonanza as crypto..

Venture capital investors are pouring billions of dollars into crypto startups, and even the $500 billion market loss in October hasn't deterred them. In fact, they're likely to increase their support for the industry in 2026.

This is according to Eva Oberholzer, chief investment officer at venture capital firm Ajna Capital, who told DL News that investors are now looking for "real revenue, unit economics, and risk controls in treasury, counterparty, and leverage."

Oberholzer said that the October rally has forced many venture investors to exercise caution, but good teams will still receive funding, especially in areas like blockchain infrastructure and real-world assets.

“Base case is a quieter Q4 as diligence bites, then a gradual pickup if markets stabilise,” Oberholzer said. “Real-money allocators typically act after a reset and two stable quarters, pointing to late Q4 2025 into Q1 2026 for larger allocations.”

Oberholzer's comments come as 12 crypto companies raised over $666 million in the first week of November, according to data from Defilama.

This brings total funding for crypto companies so far in 2025 to $22 billion, double the total in 2024. Codebase and Galaxy Ventures are among investors expecting crypto startups to receive $25 billion this year.

And analysts predict investment in crypto ventures will accelerate in 2026. The rationale? A regulatory windfall in the US will fuel investor sentiment next year.

These victories include industry supporters in key government positions, several pro-sector executive orders, the signing of a landmark stablecoin law, an inbound markets bill, and President Donald Trump's continued support for the industry.

For Oberholzer, this will translate into a "funding resurgence" by mid-2026. She expects greater institutional commitment to crypto-native managers, direct institutional participation in protocols, and continued community involvement.

The following are the crypto companies that raised the most money so far in November.

Ripple Labs, $500 million
Following a $500 million strategic funding round announced on November 5, Ripple tripled its valuation to $40 billion, its largest capital raise since 2019.

The round was supported by prominent Wall Street giants. Backers included Citadel Securities, Fortress Investment Group, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.

Ripple stated that this move will deepen its relationships with financial partners and support expansion into new business areas.

This blockbuster fundraising underscores the widespread interest in crypto from financial institutions, driven by new stablecoin regulations.

Kraken achieved a $15 billion valuation earlier this year by raising funds for an acquisition. A person familiar with the matter told The Information that the crypto exchange is now raising funds at a valuation of $20 billion.

Coinbase, Circle, and Gemini now trade at market capitalizations of $78 billion, $25 billion, and $1.8 billion, respectively.

Founded in 2012, Ripple uses the XRP Ledger to provide blockchain-powered cross-border payments. But the company is expanding its scope.

Last year, it acquired GTreasury for $1 billion and non-bank prime broker Hidden Road for $1.25 billion, a move focused on treasury and institutional finance.

The company aims to compete with established giants like Circle, Stripe, and Western Union as the industry adopts stablecoin-based payment systems.

Canaan Inc., $72 million
Canaan Inc., a Nasdaq-listed crypto mining and high-performance computing company, is raising $1 billion. announced on November 4 that it had received a $72 million strategic equity investment from leading institutional investors Brevan Howard's BH Digital, Galaxy Digital, and Weiss Asset Management.

The deal, executed as a direct purchase of 63.7 million American Depositary Shares at $1.13 per share, does not involve warrants, derivatives, or other complex instruments. The company says the move reflects investor confidence in its fundamentals and long-term strategy.

“This straightforward equity deal marks a significant turning point in our capital strategy,” said Canaan CEO Nangeng Zhang. “It aligns us with fundamentals-driven investors and reinforces our commitment to growing the Bitcoin ecosystem through every market cycle.”

Future Holdings, $34 million
Swiss bitcoin treasury firm Future Holdings announced on November 5 that it had secured over $34 million in a strategic funding round to develop what it calls "Europe's leading bitcoin treasury company."

Backed by Fulgur Ventures, Nakamoto, and Tobam ​​Investors, this raise signals growing institutional interest in bitcoin-based financial infrastructure in Europe.

The firm holds bitcoin on its balance sheet and provides treasury management, custody infrastructure, institutional research, and advisory services, aiming to connect bitcoin to global capital markets through a regulated, Swiss-based gateway.