Payward, StableDev, and Slash Lead April’s Biggest Crypto Fundraising Events

Crypto fundraising was back in focus in April, with several well-known names and emerging infrastructure projects pulling in sizable rounds across payments, trading, stablecoins, compliance, and onchain tools. In a post shared by CryptoDep, the account highlighted the “Biggest Crypto Fundraising Events in April,” pointing to a month that saw capital continue to flow into companies building the next layer of crypto and fintech infrastructure.

Among the most notable raises was Payward, the parent company of Kraken, which reportedly secured $200 million. That alone made it the biggest round in CryptoDep’s roundup, underlining how investor appetite continues to remain strong for established exchange-related businesses with broader ambitions in financial services. Another major standout was StableDev, described in the post as a publicly traded stablecoin platform, which raised $134 million. With stablecoins still playing a central role in crypto adoption and cross-border transfers, the size of that round reflects how much attention the sector continues to attract.

Slash, a fintech company providing banking services, followed with a $100 million raise. The company sits in a space that has become increasingly important as crypto and traditional financial services continue to overlap. Businesses that can bridge those two worlds have often been among the most closely watched, and Slash’s fundraising suggests investors are still willing to back that thesis aggressively.

Pharos, a financial-grade, asset-native Layer 1 chain, also had a strong April, bringing in $44 million. Layer 1 networks remain one of the most competitive and crowded areas in the crypto market, but projects that frame themselves around specific institutional or asset-focused use cases continue to find support. Fence, which automates asset-backed finance facilities, raised $20 million, signaling that tokenization and real-world asset infrastructure are still drawing interest from investors looking beyond pure trading or consumer applications.

Crypto Infrastructure and Financial Tools

The roundup also included a number of mid-sized rounds tied to crypto infrastructure and financial tools. Squads, a multisig system for managing shared crypto, raised $18 million, while Liquid, a non-custodial trading platform, also brought in $18 million. Belo, a wallet for international payments, secured $14 million, and Paxos Labs, which builds B2B infrastructure for onchain products, raised $12 million. BetHog, a crypto casino and sportsbook, rounded out the list with a $10 million raise.

What stood out in CryptoDep’s tweet was not just the amount of money raised, but the mix of backers involved. Investors mentioned in the post included Coinbase Ventures, Solana Ventures, Tether, Galaxy, Haun Ventures, Blockchain Capital, Y Combinator, Framework, and others. That spread shows that crypto fundraising is still being powered by a blend of specialist crypto funds, venture capital firms, and strategic investors with an eye on infrastructure, payments, and new financial rails.

The presence of names like Tether, Coinbase Ventures, and Solana Ventures also points to a familiar trend in the market: capital is often flowing toward projects that can strengthen existing ecosystems or expand crypto’s practical use cases. Stablecoins, wallets, multisig tools, trading platforms, and asset-backed finance all sit in areas where adoption can happen faster than in more speculative parts of the sector.

Taken together, April’s fundraising activity suggests that investors are still optimistic about crypto companies that offer real utility, especially those serving payments, infrastructure, and financial operations. While market sentiment often shifts quickly in the digital asset space, the size and variety of these rounds show that capital is still chasing projects that can connect crypto more directly to mainstream financial activity. CryptoDep’s April roundup paints a simple picture: even in a cautious market, investors remain ready to fund companies that they believe can shape the future of crypto finance.