Crypto: Breaking Crypto Slides, But Tokenized Rwas And Vc Push Ahead
As Bitcoin and altcoins continue to sell off, venture capital is raising millions for blockchain-based financial infrastructure, while real-world assets continue to draw capital.
Crypto markets have erased nearly $1 trillion in value over the past month, yet parts of the industry tied to infrastructure and tokenized real-world assets (RWAs) are telling a different story. Tokenized Treasurys are expanding, venture firms are still raising capital and Bitcoin-focused companies are consolidating their footprints.
This week’s Crypto Biz looks at the widening gap between spot markets and capital formation — from Nakamoto’s $107 million acquisition spree to Dragonfly’s new $650 million fund, the continued rise of tokenized RWAs and why Paradigm says Bitcoin miners may have a growing role in stabilizing the power grid.
Bitcoin holding company Nakamoto has agreed to acquire BTC Inc and UTXO Management in a combined $107 million deal, expanding its footprint across Bitcoin media, events and financial services.
Under the terms of the agreement, investors in BTC Inc and UTXO will receive 363,589,819 shares of Nakamoto common stock. The shares are priced at $1.12 under a call option structure, which is well above Nakamoto’s current trading price of about $0.30.
The transaction brings Bitcoin Magazine and the annual Bitcoin Conference under Nakamoto’s umbrella, while adding UTXO’s asset management and advisory business to the company’s portfolio.
Despite a broader shake-up in crypto venture capital, Dragonfly Capital has closed its fourth fund at $650 million, signaling continued institutional appetite for blockchain infrastructure plays.
The firm indicated it is increasingly focused on financial products built on blockchain rails, including payment systems, stablecoin networks, lending markets and tokenized real-world assets. The strategy reflects a wider pivot among investors toward revenue-generating infrastructure rather than speculative token launches.
“This is the biggest meta shift I can feel in my entire time in the industry,” said Dragonfly general partner Tom Schmidt, describing the transition toward onchain finance and tokenized capital markets.
While broader crypto markets remain under pressure, tokenized real-world assets continue to gain traction, highlighting steady demand for onchain yield products.
Source: CoinTelegraph
