Galaxy Digital, a crypto-focused firm, has teamed up with crypto investment firm CoinFund to trade on-chain over-the-counter (OTC) options tied to digital assets. Trading OTC options on-chain can alleviate credit risk and protect privacy, making it a next step for finance after the collapse of centralized entities in the segment.

CESR is a global floating rate benchmark derived from the daily transaction fees and staking rewards emitted from the Ethereum Proof of Stake (PoS) blockchain.

Decentralized cloud database Tableland has raised $8 million in a Series A funding round led by CoinFund, with participation from Multicoin Capital, Blueyard, and A Capital. The funds will support Tableland's mainnet launch, the release of new developer tools, and the debut of Tableland Studio later this year.

Multichain liquidity and data gateway provider Li.Fi has raised $17.5 million in a Series A fundraise co-led by crypto-native investment firms CoinFund and Superscrypt. The fundraise will help Li.Fi overcome the bear market and execute its long-term strategy, which aims to bring more users to Web3 by enabling tokens and orders to trade across any chain in a seamless way, Philipp Zentner, CEO at LI.FI told CoinDesk in an interview.

Crypto-focused venture capital firm CoinFund was an early investor in FTX and had a small amount of equity, which has now been written to zero, said David Pakman, managing partner and venture investing head at CoinFund, The firm didn’t hold any FTT tokens but had what he believed was a “very small trade” in progress when the exchange collapsed. The FTX investment predated Pakman, who joined CoinFund last year after spending 13 years at tech and healthcare-focused venture capital firm Venrock.

Earn Alliance, a game community platform announced the close of its $4.75m seed raise to connect game developers with fans and gamers across the globe. The alpha version of Earn Alliance's platform is set to launch on December 15th this year. This round was co-led by CoinFund and Fabric Ventures with other participants such as Blockchain Coinvestors, MAD World Ventures, angel investors, etc.

Web3 investment firm CoinFund recently launched a $300 million fund targeting early-stage crypto and web3 startups.