Faction
Faction supports disruptive crypto projects at their early stages, managed by Lightspeed Venture Partners.
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PhotonPay Completes $40 Million Series C Funding, Led by Blockchain Capital
Odaily Report: PhotonPay has announced the completion of a $40 million Series C funding round, led by Blockchain Capital, with new investor SBI Group participating, and IDG Capital, GL Ventures, and Lightspeed Faction also joining. The project is a Hong Kong-based fintech company dedicated to developing a stablecoin-centric financial operating system, offering multi-asset wallets, global card issuance, and local clearing services, while advancing a financial execution layer for AI agents. As of August 2026, PhotonPay's annualized transaction volume reached $65 billion, and it has obtained 34 payment and financial licenses or authorizations across the Americas, Europe, and Asia, serving more than 200,000 enterprise clients with operations covering over 200 countries and regions.
August
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PhotonPay
Stablecoin payment company Latitude completes $35 million Series A funding round, with Lightspeed Faction and others participating
According to Fortune, stablecoin payment infrastructure company Latitude, founded by former employees of Stripe, Uber, Coinbase, and Meta, has announced the completion of a $35 million Series A funding round, led by Oak HC/FT, with participation from NEA, Coinbase, Lightspeed Faction, and OpenFX. Latitude aims to address the "last mile" challenge following cross-border stablecoin payments by providing enterprises with infrastructure that converts stablecoins into local currencies and facilitates fund disbursement through local payment methods such as bank accounts and mobile wallets. Its current clients span digital banks, payroll platforms, e-commerce marketplaces, and financial institutions. The company previously closed an $8 million seed round. The new capital will be used to scale its compliance, engineering, legal, and sales teams, while accelerating efforts to secure regulatory licenses in markets including Southeast Asia, Latin America, and Africa.
Coinbase
Latitude
Stripe
Diameter Pay Raises $10 Million in Series A Funding, Co-Led by CMT Digital and Lightspeed Faction
Odaily News: The company primarily provides institutional clients with USD accounts, payment rails, and stablecoin deposit and withdrawal channels, having processed over $10 billion in payments cumulatively this year.
CryptoMate
CyberMiles
Crypto liquidation platform Glacis Labs closes $6.8 million seed round, led by Lightspeed Faction.
According to The Block, crypto liquidation platform Glacis Labs announced the completion of a $6.8 million seed funding round led by Lightspeed Faction, with participation from Franklin Templeton, Coinbase Ventures, A.GAIN (formerly IDC Ventures), Protein Capital, and Techni Ventures. The financing was completed in the form of equity with token warrants.
Block
Coinbase
Franklin
Franklin Templeton
Glacis
GriffinAI Network
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
Circle
CoinDesk
Galaxy
Galaxy
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.
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BitMart
Pharos
Prosper
RWA Inc.
Tether