Crypto slides, but tokenized RWAs and VC push ahead

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.

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