Hyperithm said it is seeing growth in the institutional market for digital assets in East Asia.
The funding round was led by Galaxy Digital and Hashed.
IF will use the funding to develop its DeFi offerings and to build a multi-chain ecosystem.
The funding will be used to further develop Convergence's testnet and mainnet.
Hashed Ventures has raised $120 million for a fund that will be focused on a new era of distributed networks.
Matter Labs is using "mathematical magic" to speed up transactions on ethereum. Now Placeholder VC and others are investing $2 million in the project.