Crypto funding showed signs of strength this week, with a trio of standout raises highlighting investor appetite across web3 infrastructure, entertainment, and tooling.
Sentora, a provider of institutional custody solutions, led the pack with a $25 million Series A. Web3 entertainment protocol T-Rex followed closely with an eye-catching $17 million pre-seed round, signaling growing confidence in blockchain-powered consumer platforms.
Rounding out the top three, developer-focused Sonic Labs secured $10 million in a strategic round led by Galaxy, reinforcing the industry’s push to equip builders with scalable, user-friendly tools. The data comes from Crypto Fundraising’s weekly roundup for May 5–10.
Sentora, $25 million
- IntoTheBlock and Trident Digital have merged to form Sentora, a DeFi platform focused on yield strategies, risk management, and financial services.
- Backed by a $25 million Series A round led by New Form Capital—with support from Ripple, Tribe Capital, and others—Sentora aims to bridge the gap between traditional finance and DeFi by offering a compliant, scalable solution for institutional adoption.
- Combining IntoTheBlock’s analytics and Trident’s structured finance expertise, Sentora plans to address regulatory and operational hurdles that have held institutions back from entering DeFi.
T-Rex, $17 million
- T-Rex is a web3 startup that rewards users with cryptocurrency for engaging with content on platforms like X, TikTok, and YouTube.
- Backed by investors including Portal Ventures, Framework Ventures, and Arbitrum Gaming Ventures, T-Rex uses a “proof-of-engagement” system via a browser extension that tracks viewing behavior through zkTLS technology, preserving user privacy.
- Users earn points by clicking on “popcorn” icons that appear while watching content, which can be converted into crypto. The system will also personalize content recommendations over time. T-Rex plans to launc
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Author: Anthony Patrick
