Tether leads Mural's $15 million Series A as Fission raises $10 million

Tether led a $15 million Series A for Mural on Oct. 20, one of five rounds of $5 million or more announced in the week of Oct. 15-21 that together raised $48.6 million (our calculation).

Tether leads Mural's $15 million Series A to build payment services for software agents

Mural raised $15 million in a Series A led by Tether, with North Island Ventures and existing investors, bringing total funding to $28 million, the company said on Oct. 20, according to crypto.news.

The company said it will expand internationally and build the banking, payment and compliance services that software agents need to carry out financial transactions.

Tether CEO Paolo Ardoino said on Oct. 20 that as agents move money, the "connection to the banks, payment networks and compliance systems" becomes essential.

Tether also backed two other rounds in the window. It invested in Saber Money, a stablecoin cross-border payments firm, alongside CMCC Global's Titan Fund, and in AIsa through Tether Capital. Neither disclosed an amount, according to crypto.news.

Fission and Multiliquid raise $18 million to settle tokenized funds and assets

Fission said it raised $10 million in a Series A led by Pantera Capital. Circle Ventures, New Form, gumi Cryptos Capital, Borderless Capital and GTS CEO Ari Rubenstein also invested, according to Pulse 2.

Fission runs a liquidity layer for tokenized private-market funds. It said the money will expand liquidity capacity, add more funds and deepen integrations with digital investment platforms.

Multiliquid raised $8 million across pre-seed and seed rounds, with Polychain leading the seed, according to KuCoin's report. The split between the rounds was not disclosed.

Multiliquid said it will expand its engineering team, grow liquidity and platform partnerships, and add tokenized cash and Treasury products on Ethereum-compatible networks and Solana.

The SEC issued a temporary exemption on Sept. 17 that lets tokenized securities venues trade tokenized NMS stock without registering as exchanges, with conditions and a five-year expiry, according to its press release.

HoneyB raises $5 million at a $30 million valuation to lend against bitcoin

Nectar Group, the developer of bitcoin yield platform HoneyB, raised $5 million in seed funding at a $30 million post-money valuation, according to The Block.

Portal Ventures led. Peer Venture Partners, Anchorage Digital Ventures, a family office and angel investors also joined. The round is a SAFE with a one-for-one token warrant.

Users borrow stablecoins against their bitcoin, and the stablecoins go into strategies tied to Treasuries, credit, gold and options, The Block reported.

HoneyB said it plans an institutional launch outside the U.S. in the fourth quarter of 2026 and a retail product in the first quarter of 2027. It said the money will fund product development, custody integrations, compliance and distribution.

Dataline raises $10.6 million for an AI-agent data network and plans a token sale

Dataline, a data network for AI agents, raised a $10.6 million seed round led by Lattice and Dispersion Capital, according to The Block. Not independently verified.

Coinbase Ventures, Symbolic Capital, Anagram and Robinhood CEO Vlad Tenev also invested, and the round closed in April, The Block reported. It is a SAFE with a token warrant.

Dataline said it will sell a token on Base through Uniswap's Continuous Clearing Auction, with details due the week after Oct. 21. The token is due to launch by the end of 2026.

Smaller rounds and one acquisition round out the window

Spout Finance raised $2 million in a strategic round from Draper Dragon, Anchorage Digital and Flow Traders on Oct. 15, according to crypto.news.

Hylo raised $1 million in a strategic round led by Solana Ventures, with Colosseum participating, to expand its yield infrastructure on Solana, according to Crypto Briefing.

Network School, led by Balaji Srinivasan, acquired the Farcaster social network from Neynar on Oct. 15. The price was not disclosed, The Block reported.

AI agents and tokenization took 89.7% of the money in the larger rounds

Mural and Dataline, both aimed at software agents, account for $25.6 million of the $48.6 million raised in rounds of $5 million or more, or 52.7% (our calculation).

Fission and Multiliquid, both tokenization infrastructure, account for $18 million, or 37.0%. HoneyB's bitcoin yield platform accounts for $5 million, or 10.3% (our calculation).

Two of the five rounds, Dataline and HoneyB, were structured as SAFEs with token warrants, according to The Block.

CryptoRank counted $436.9 million across 27 rounds from Oct. 1 to Oct. 18, against $680.5 million across 52 rounds in September, according to TokenPost.

Strive's $208 million post-IPO round on Oct. 13 made up about 89% of disclosed funding in the week of Oct. 12-18, the same report said.

The week in numbers

As of Oct. 21. Use of funds is as given by the companies. Multiliquid's total covers pre-seed and seed rounds. Dataline's amount is per The Block alone.

Dataline's token terms and HoneyB's launch are the next dated items

• Week after Oct. 21: Dataline is due to publish the terms of its Base token sale, according to The Block.
• Dec. 31, 2026: Dataline's token is due to launch by the end of the year.
• Fourth quarter of 2026: HoneyB plans an institutional launch outside the U.S.; a retail product follows in the first quarter of 2027.

How we reported this: Totals and shares are our calculation (15 + 10 + 10.6 + 8 + 5 = 48.6). Multiliquid's $8 million spans two rounds, and Dataline's amount rests on one outlet. Use of funds is as given by the companies.