Crypto VC Funding: Crypto venture capital surged during the week of November 23–29, 2025, reaching a massive $10.46 billion across just 10 deals — marking one of the strongest investment weeks of the year. This major jump was fueled largely by high-profile mergers and acquisitions, showing that major players are doubling down on the digital asset industry despite ongoing market uncertainty.
Naver Financial Makes $10.3B Power Move
The standout deal of the week came from Naver Financial, which announced a $10.3 billion acquisition of Dunamu, the South Korean fintech giant behind the popular crypto exchange Upbit.
The transaction is structured as a share-swap agreement, valuing Dunamu at 15.1 trillion won. Each Dunamu share will convert into 2.54 Naver Financial shares, marking one of the largest crypto-related acquisitions ever recorded in Asia.
Dunamu’s deep involvement in blockchain and its dominance in the Korean crypto market made it a prime target for the internet conglomerate, giving Naver a direct entry into digital finance and exchange services.
Paxos Acquires Fordefi for $100M
Meanwhile, stablecoin and blockchain infrastructure provider Paxos continued its expansion by purchasing Fordefi, an institutional MPC wallet and security platform, for $100 million.
Fordefi has already raised $128 million to date and focuses on advanced custody solutions — an increasingly crucial area as institutions prepare for broader crypto adoption.
Fresh Funding for Early-Stage Builders
Beyond the headline-grabbing acquisitions, several startups secured new backing to push forward innovation across DeFi, AI-powered investing, and digital infrastructure:
| Project | Funding | Round Type | Focus | Notable Investors |
|---|---|---|---|---|
| Figure | $25M | Unknown | Loan origination & equity management via blockchain | Ondo |
| Gonka | $12M | Strategic | AI-based prediction & social trading | Bitfury |
| SpaceComputer | $10M | Seed | DePIN, infrastructure, security, zero-knowledge | Maven11, Lattice, Superscrypt |
| Nexton | $4M | Strategic | — | — |
| Pruv Finance | $3M | Series A | — | — |
| CreatorFi (Insomnia Labs) | $2M | Unknown | — | — |
| Abrakadabra Games | $0.5M | Unknown | — | — |
M&A Takes Center Stage
While several companies raised new capital, it was clearly an M&A-dominated week, with the Dunamu and Fordefi deals representing the lion’s share of the total investment flow.
Industry analysts note that consolidation like this often emerges during transitional market cycles — and may indicate renewed confidence among institutional players preparing for the next wave of crypto growth.
Also Read: Biometric Security Is Becoming Crypto’s New Defense System
