Crypto VC funding: Project Faro commits $270m, Index raises $50m
Crypto financing announcements have totaled approximately $408.55 million across nine disclosed transactions during Nov. 7–13, 2026, led by a reported $270 million commitment to the bank-backed stablecoin venture Project Faro.
- Nine disclosed financings totaled $408.55 million, including bank commitments and two public token sales.
- Project Faro drew approximately $270 million in reported commitments for five years of operations.
- Index Industries raised $50 million in seed funding led by Lightspeed Venture Partners.
- Alta secured a $47.5 million Series A, bringing its cumulative funding to $80 million.
- Project Faro, Index and Alta accounted for nearly 90% of the disclosed weekly total.
The tally includes corporate funding commitments and public token sales alongside venture rounds. Four further announcements covered cumulative or undisclosed funding.
DefiLlama’s funding database provided the weekly inventory, with company announcements, investor disclosures and reporting used to check transaction details.
Project Faro leads crypto financing with $270 million commitment
Goldman Sachs, Citigroup, Santander and Deutsche Bank were among institutions committing around $270 million to a stablecoin venture, as crypto.news reported, citing Bloomberg’s Nov. 10 report.
Known as Project Faro, the proposed business would use the capital to cover five years of operating costs. The figure represents committed corporate financing, with no announcement that the full amount has been paid.
The 21-member consortium expects to establish its issuer in the United States. Its stated launch window is the first half of 2027, beginning with a dollar stablecoin intended for payments and digital asset settlement. A euro token is planned later.
Index Industries raises $50 million for housing investment infrastructure
Index Industries emerged from stealth on Nov. 10 with a $50 million seed round led by Lightspeed Venture Partners. Polychain Capital, Galaxy Ventures and Wintermute Ventures participated.
Founded by former Polychain president Josh Rosenthal and Longmark CEO Brian Hardecker, the company is developing a daily U.S. home-price index and tokenization infrastructure for housing-linked investment products.
Its first planned application is USHP, issued separately by British Virgin Islands-based USHP Limited. The issuer plans an Ethereum release in 2026 and a Solana expansion in 2027.
The announcement states that the referenced securities are unregistered in the United States and cannot be offered to U.S. persons without registration or an applicable exemption.
Alta secures $47.5 million for institutional blockchain infrastructure
Alta announced a $47.5 million Series A led by Index Ventures on Nov. 10, with GV, Blackbird Ventures, Square Peg and Capital49 participating.
The San Francisco company, previously known as Metal, disclosed $80 million in total funding, including $32.5 million in earlier seed financing. Only the Series A enters this week’s total.
Alta is building a blockchain with privacy, identity, and programmable compliance features for regulated financial institutions. Services would cover cross-border payments, foreign exchange and treasury management.
Airwallex is an investor and early design partner, with plans to connect its global payment infrastructure to Alta.
Funding above $10 million reaches banking and trading
- Griffin raised a $20 million Series B led by Octagon Partners, joined by Notion Capital, A+ Ventures, Nordic Ninja, Breega and existing investors. The Nov. 12 announcement valued the UK bank above $100 million. Griffin plans to develop card issuing and stablecoin services; its platform serves more than 80 companies.
- Marble launched on Nov. 10 with an $11 million seed round led by Polychain Capital. Maven 11, Ripple, Susquehanna Crypto, Lattice and Blockwall participated. Former BitGo executive Matt Ballensweig and former Galaxy Europe CEO Leon Marshall lead the company, which is developing institutional trading and credit financing for AI infrastructure.
- DECA Labs announced $12 million in cumulative funding from investors including Polychain, Pantera, Accel and dao5. Its AI-agent network identifies and validates software ideas before development and distribution. The cumulative figure is excluded from the weekly total.
Funding below $10 million includes remittances and token sales
- Seva Money secured a $5 million seed round co-led by Blockwall and Revent, with Seedcamp, Stride and Ada Ventures participating. The company supplies remittance providers with wallets, cards and embedded services.
- Quranum Protocol announced $4.5 million in strategic funding from Archer Capital, Tidal Capital and Astra Capital for protocol development and financial infrastructure.
- vibe/vibe recorded a $300,000 public token sale in DefiLlama’s database. Its sale closed Nov. 13; the project develops a Robinhood Chain launchpad.
- Mori Finance recorded a $250,000 token raise on MetaDAO. Its Solana options platform offers covered calls executed through institutional counterparties.
Undisclosed rounds back asset management and lending
- Kailash closed a pre-seed round led by UTXO Management for institutional investment products onchain.
- Spout received an Ondo investment as it prepares lending against tokenized stocks on Solana.
- Lithium secured a strategic investment from LitVM. Its proposed lending service lets users supply USDC or borrow against zkLTC collateral.