A fresh batch of already-trading tokens has attracted new venture backing, bucking the typical pattern of funding rounds closing before a token generation event. The list spans seven projects, with raises ranging from $3.46 million for BKN up to $43 million for BLOCK, and $20 million for REPPO.
The standout name is Centrifuge (CFG), which secured backing from Coinbase Ventures — a signal that the real-world asset infrastructure play still commands tier-one attention even after its token is live. JPYC pulled in $19.5 million, GMEE closed $11 million, and PUMPCADE rounded out the smaller end at $5 million.
Despite the fresh capital, most of these projects remain relatively low-cap and token price reactions have been muted since the announcements.
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