Crypto startups raise over $1B this year despite market uncertainty

Amid market uncertainty following recent remarks by President Trump, investment in crypto startups has continued, Decrypt reported, citing data from DeFiLlama. In the third week of January alone, 14 crypto startups raised a total of $362 million, bringing the cumulative funding for the year to over $1 billion. However, this year's fundraising volume is down more than 50% from the same period last year, indicating a slowdown in investment enthusiasm compared to the previous bull market. The largest investment in January went to cryptocurrency custody firm BitGo, which raised $213 million through an IPO. The tokenization sector also saw significant investment, with Superstate raising $83 million in a Series B round led by Bain Capital Crypto and others. Superstate issues blockchain-based investment products, including a tokenized fund based on U.S. Treasury bonds.