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Faction supports disruptive crypto projects at their early stages, managed by Lightspeed Venture Partners.

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Turnkey Completes $12.5 Million Strategic Financing, with Participation from Circle Ventures and Sequoia Capital

Turnkey, a company specializing in crypto wallets and key management infrastructure, has announced the completion of a $12.5 million strategic financing round. Archetype and Circle Ventures led the round, with participation from Sequoia Capital, Bain Capital Crypto, Lightspeed Faction, Galaxy Ventures, and Variant. The project's total funding has now exceeded $65 million.The company's primary business involves developing wallet and key management infrastructure for crypto applications. This round of financing will be used to support the development and public launch of Turnkey Verifiable Cloud, a product focused on digital asset security computing. This product aims to provide enterprises with verifiable operating environments, encompassing functionalities such as transaction visibility, policy decisions, and agent-driven wallet activities. Turnkey's current clientele includes Polymarket, World App, and Anchorage Digital.

Anchorage Anchorage Circle Circle CoinDesk CoinDesk Galaxy Galaxy Galaxy Galaxy Polymarket Polymarket

BitMart Will List Pharos (PROS)

According to an official announcement, BitMart will launch Pharos (PROS) on April 28 at 23:00 (UTC+8). The listing will open the PROS/USDT trading pair.Pharos is an inclusive Layer 1 public chain built for RealFi, integrating real-world assets, institutional capital, and decentralized finance into a programmable, borderless economy. It aims to make real asset finance accessible to everyone, bridging Web2 and Web3 to form a unified, transparent, and open digital financial ecosystem. Founded by core management and engineering teams from Ant Group, it adopts a DP4 deep parallel architecture (prototype tested at over 130,000+ TPS), supports dual virtual machine execution for EVM and WASM, and features built-in RWA tokenization and stablecoin infrastructure. It has received support from global traditional financial institutions such as Hack VC and Faction VC. The private mainnet officially launched on December 12, 2025.

ALLO ALLO BitMart BitMart Pharos Pharos Prosper Prosper RWA Inc. RWA Inc. Tether Tether