The funding round would accord the Indian company unicorn status, with a valuation of more than $1 billion.
As well as building out its platform, Vauld intends to use the investment to drive international expansion.
The investment was led by Kingsway Capital, a U.K-based private equity fund with over $2 billion in assets under management
Coinbase Ventures and Huobi Innovation Labs were among the investors.
The a16z-backed Eco, which loans out users’ deposits in USDC, says it’s keeping an eye on the BlockFi case.
“It was very important for us to show the customers that we have the balance sheet and valuation to stay independent.”
The funds will be used to support the network’s integrations and provide more engineering resources for the team.
The figure is six times Revolut's $5.5 billion valuation of February 2020.
The NFT company’s valuation could exceed $3.8 billion, according to unnamed sources mentioned in a Business Insider article.
The round was co-led by Coatue Management and Shunwei Capital, with participation from Coinbase Ventures.
Multicoin Capital is betting the real-time payments platform can power DeFi and DAOs – and also subscriptions and salaries.
The Series A round led by Element Ventures included DRW Venture Capital and Susquehanna Private Equity Investments.
The DeFi portal has processed over $600 million in transactions since the beginning of the year.
Bling’s suite of mobile games allows users to earn small amounts of bitcoin.
The new capital will be used to fund strategic investments, product development and licenses for popular intellectual property.