The first week of February 2026 saw a significant influx of venture capital into the cryptocurrency sector, with $251.9 million raised across 12 projects, according to Cryptofundraising data. This investment activity occurred despite broader market struggles, with a reported $2 trillion market downturn.
Anchorage Digital, a regulated global crypto platform and federally chartered digital asset bank, secured the largest single round: a $100 million strategic financing round led by stablecoin issuer Tether. This brings Anchorage Digital's total funding to $587 million. The company, which offers custody, trading, and crypto-native banking services to institutions, plans to use the capital to expand its operational infrastructure to meet growing demand from asset managers and corporations. Tether stated the investment reflects efforts to align stablecoins with regulated financial systems and deepen institutional partnerships for tokenized payments and settlement.
In the second-largest deal, blockchain intelligence firm TRM Labs raised $70 million in a Series C round, reaching a fully diluted valuation of $1 billion. The round was led by Blockchain Capital, with participation from CMTDigital and Goldman Sachs. TRM Labs, which has now raised $219.9 million total, develops compliance software used by exchanges, banks, and government agencies to monitor transactions and detect illicit activity. The new capital will support market expansion and enhance its AI-driven investigative tools.
Other notable funding rounds included:
Jupiter, a Solana-based decentralized exchange aggregator, raised $35 million in a strategic round. The investment from ParaFi Capital was settled using Jupiter's JUP stablecoin (JupUSD), with ParaFi purchasing JUP tokens under a long-term lockup agreement. Jupiter also announced an integration with prediction market platform Polymarket on Solana.
Bluff, a social-centric betting and entertainment platform, gathered $21 million in a strategic round backed by 1k(x), Makers Fund, and MEV Maximum Extraction.
Opinion, a social prediction markets platform, raised $20 million in a Series A round from investors including Hack VC, Jump, and Primitive.
Relay Protocol (Reservoir), an open-source developer platform, secured $17 million in a Series B round led by Archetype and Union Square Ventures. The project is launching a "Relay Chain" for instant cross-chain settlement.
Additional smaller rounds under $5 million were completed by Ruvo ($4.6M), Hurupay ($3M public sale), Kairos ($2.5M), Plutus ($2.3M), Penguin Securities ($1.8M Series A), and Bitte/Mintbase ($1.7M via M&A).
The funding activity highlights a continued venture capital focus on infrastructure, compliance, and institutional services. This trend is further underscored by Andreessen Horowitz's recent fundraising of over $15 billion across multiple strategies, with a stated heavy focus on artificial intelligence and crypto as defining technologies of the next era.
