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Transak, a Web3 payments infrastructure provider that facilitates cryptocurrency transactions using fiat money, has raised $16 million in a strategic funding round. The round was co-led by Tether and IDG Capital, with participation from 1kxnetwork, Primal Capital, Protein Capital, and Fuel Ventures. The funding aims to support Transak's expansion of stablecoin payment infrastructure across more than 75 countries and to enhance its global regulatory presence, with Miami playing a central role in its growth strategy. Separately, 0xHyperBeat, a protocol within the HyperEVM ecosystem offering validator services, lending markets, and yield optimization, secured $5.2 million in a seed funding round. This round was led by Electric Capital and EtherFi VC, with additional investors including CB Ventures, Selini Capital, and Chapter One. 0xHyperBeat currently manages $400 million in total value locked (TVL) and is experiencing rapid growth.
Scaling Hyperliquid DeFi infrastructure protocol @0xhyperbeat raised $5.20M in a Seed funding round led by @etherfi_VC, @ElectricCapital, with participation from @cbventures, @ChapterOne, @SeliniCapital, @MaelstromFund, @Anchorage, @Node_Cap, @4rcapital, @RelayerCapital, @dlabvc, https://t.co/tFIrb0jAzf
I've been a long time user of @0xHyperBeat Now excited to be backing them. @hatashiyamatomo & @degennquant have built a great product that is at the core of the Hype eco. $400M TVL and growing fast 😤 https://t.co/NiiqEYQUYh
Hyperbeat $5.2M Seed Round⚡️ 📑 About: @0xHyperBeat is a protocol within the HyperEVM ecosystem that functions as a validator, lending market, and yield optimization platform. 🤝 Investors: @ElectricCapital (Lead), @etherfi_VC (Lead), @cbventures, @SeliniCapital, @chapterone, https://t.co/VbQvbLfd3q
