Crypto VC Funding: Rain secures $250 million, BlackOpal bags $200 million

With $763.5 million in cryptocurrency funding spread across six projects, the first full week of 2026 got off to a great start thanks to Rain’s $250 million Series C round.

Summary

• Rain led the week with a $250M Series C, valuing the stablecoin firm at $1.95B.
• BlackOpal and Tres Finance together added $330M via funding and M&A activity.
• Bitcoin infrastructure projects like Babylon and ZenChain also secured new capital.

According to Cryptofundraising data, the following summarizes this week’s cryptocurrency funding activity:

Rain

• Raised $250 million in a Series C round
• Fully diluted valuation of $1.95 billion
• Rain is a blockchain-based card issuing and stablecoin platform
• Investment was led by ICONIQ
• Other investors include Sapphire Ventures, Dragonfly, Bessemer Venture Partners, Galaxy Ventures, FirstMark, Lightspeed, Norwest, and Endeavor Catalyst
• Total funding exceeds $338 million
• Comes four months after Series B and ten months after Series A

BlackOpal

• BlackOpal secured $200 million in an unknown round
• The project is LATAM’s global payments finance platform
• Investment was backed by Mars

Tres Finance

• Acquired for $130 million through M&A
• Tres Finance is a crypto accounting and taxation reporting platform
• Acquired by Fireblocks
• The project has raised $148.6 million so far

Babylon

• Raised $15 million in an Unknown round
• Backed by AI6Z
• Babylon is a Bitcoin staking infrastructure project
• The project has raised $103 million so far

HabitTrade

• Secured $10 million in a Series A round
• Investors include Newborn Town and StableStock
• HabitTrade is a financial services platform

ZenChain

• Raised $8.5 million in an unknown round
• ZenChain is an EVM-compatible Bitcoin Layer 1
• Backed by Watermelon, DWF Labs, and Genesis Capital