{"id":16921,"date":"2025-11-29T12:54:03","date_gmt":"2025-11-29T12:54:03","guid":{"rendered":"https:\/\/bitunikey.com\/news\/crypto-vc-funding-naver-financial-acquires-dunamu-for-10-3b-fordefi-acquired-for-100m\/"},"modified":"2025-11-29T12:54:08","modified_gmt":"2025-11-29T12:54:08","slug":"crypto-vc-funding-naver-financial-acquires-dunamu-for-10-3b-fordefi-acquired-for-100m","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/crypto-vc-funding-naver-financial-acquires-dunamu-for-10-3b-fordefi-acquired-for-100m\/","title":{"rendered":"Crypto VC Funding: Naver Financial acquires Dunamu for $10.3B, Fordefi acquired for $100M"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">The week of November 23-29, 2025, was a notable period for crypto VC funding, with $10.46 billion in total activity across 10 projects.<\/p>\n<div id=\"cn-block-summary-block_ba0b54a3cd5f69d2dc3c43bb292c20c1\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Crypto VC funding soared to $10.46B, led by Naver\u2019s $10.3B acquisition of Dunamu.<\/li>\n<li>M&amp;A dominated with Paxos buying Fordefi for $100M and multiple early-stage raises.<\/li>\n<li>Figure, Gonka, SpaceComputer and others secured new capital amid a strong VC week.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The week was headlined by Naver Financial\u2019s $10.3 billion acquisition of Dunamu, the operator of cryptocurrency exchange Upbit.<\/p>\n<p>M&amp;A activity dominated the investment sector this week, with two major acquisitions representing the majority of funding.<\/p>\n<p>Here\u2019s a breakdown of this week\u2019s crypto VC activity as per <a rel=\"nofollow\" target=\"_blank\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/crypto-fundraising.info\/deal-flow\/?start_date=2025-11-23&amp;end_date=2025-11-29&amp;sortby=raised&amp;sort=desc&amp;filter=closed\">Cryptofundraising data<\/a>:<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Dunamu<\/h2>\n<ul class=\"wp-block-list\">\n<li>Dunamu was <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.nasdaq.com\/articles\/naver-financial-buy-dunamu-share-swap-deal-worth-about-103-bln\" target=\"_blank\" rel=\"nofollow\">acquired<\/a> for $10.30 billion through M&amp;A<\/li>\n<li>Dunamu is a South Korea\u2013based fintech and blockchain company and operator of Upbit cryptocurrency exchange<\/li>\n<li>Acquired by Naver Financial<\/li>\n<li>Share-swap deal valuing Dunamu at 15.1 trillion won<\/li>\n<li>Each Dunamu share exchanged at 2.54 Naver Financial shares<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Fordefi<\/h2>\n<ul class=\"wp-block-list\">\n<li>Fordefi was <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/fortune.com\/2025\/11\/25\/paxos-fordefi-acquisition-crypto-wallet-defi\/\" target=\"_blank\" rel=\"nofollow\">acquired<\/a> for $100 million through M&amp;A<\/li>\n<li>The project is developing an institutional MPC wallet &amp; security platform<\/li>\n<li>Fordefi was acquired by Paxos<\/li>\n<li>The project has raised $128 million so far<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Figure<\/h2>\n<ul class=\"wp-block-list\">\n<li>Raised $25 million in an unknown round<\/li>\n<li>Figure is a blockchain technology startup that offers loan origination and equity management<\/li>\n<li>The investment was backed by Ondo<\/li>\n<\/ul>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Figure announces that <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/OndoFinance?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@OndoFinance<\/a> has made a $25M strategic investment in <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24YLDS&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$YLDS<\/a>, integrating Figure\u2019s SEC registered yield-bearing stablecoin into the Ondo Short-Term US Treasuries Fund (OUSG), to expand and diversify the reserves backing OUSG.<\/p>\n<p>The partnership follows Figure\u2019s\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/MQbFwSVgO1\">https:\/\/t.co\/MQbFwSVgO1<\/a><\/p>\n<p>\u2014 Figure (@Figure) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/Figure\/status\/1993010710478016591?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">November 24, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h2 class=\"wp-block-heading\">Gonka<\/h2>\n<ul class=\"wp-block-list\">\n<li>Gathered $12 million in a strategic round<\/li>\n<li>Gonka is an AI-powered prediction and social trading platform<\/li>\n<li>The investment was backed by Bitfury<\/li>\n<\/ul>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bitfury Group <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/BitfuryGroup?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@BitfuryGroup<\/a> has completed a $12M GNK purchase following a community vote.<\/p>\n<p>It\u2019s a clear signal: the future of AI compute will be distributed, not centralized.<\/p>\n<p>The community of compute contributors made this outcome possible. <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/XDOKCLNwkG\">pic.twitter.com\/XDOKCLNwkG<\/a><\/p>\n<p>\u2014 Gonka (@gonka_ai) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/gonka_ai\/status\/1994131272709636578?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">November 27, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h2 class=\"wp-block-heading\">SpaceComputer<\/h2>\n<ul class=\"wp-block-list\">\n<li>SpaceComputer raised $10 million in a seed round<\/li>\n<li>The project focuses on DePIN, infrastructure, security, and zero-knowledge.<\/li>\n<li>Investors include Maven11, Lattice, and Superscrypt<\/li>\n<\/ul>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udef0\ufe0f Total raise: $10M \ud83d\udef0\ufe0f<\/p>\n<p>The seed round turns breakthrough research into a reality \u2192 live constellation of satellites in orbit.<\/p>\n<p>Leads \u2192 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/Maven11Capital?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@Maven11Capital<\/a> &amp; <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/lattice_fund?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@lattice_fund<\/a><\/p>\n<p>Participants \u2192 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/Superscrypt?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@Superscrypt<\/a>, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/etherealvc?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@etherealvc<\/a>, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/arbitrum?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@arbitrum<\/a>, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/starship_vc?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@starship_vc<\/a>, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/nascent?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@nascent<\/a>, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/hash3xyz?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@hash3xyz<\/a>, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/theBBFund?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@thebbfund<\/a>,\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/yUBy0v7sXA\">https:\/\/t.co\/yUBy0v7sXA<\/a><\/p>\n<p>\u2014 SpaceComputer \u2013 \u5929\u673a | \ud835\udd64\ud835\udd61\/\ud835\udd52\ud835\udd54\ud835\udd54 (@SpaceComputerIO) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/SpaceComputerIO\/status\/1993747847452516771?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">November 26, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h2 class=\"wp-block-heading\">Funding Under $10 Million<\/h2>\n<ul class=\"wp-block-list\">\n<li>Nexton, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/NextonNode\/status\/1994018326507606186\" target=\"_blank\" rel=\"nofollow\">$4 million<\/a> in a strategic round<\/li>\n<li>Pruv Finance, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/FintechSIN\/status\/1993508010757419323\" target=\"_blank\" rel=\"nofollow\">$3 million<\/a> in a Series A round<\/li>\n<li>CreatorFi (Insomnia Labs), <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/creatorfi-launches-on-aptos-with-2m-strategic-backing-to-scale-stablecoin-credit-for-creators-302625743.html\" target=\"_blank\" rel=\"nofollow\">$2 million<\/a> in an unknown round<\/li>\n<li>Abrakadabra Games, $500,000 in an unknown round<\/li>\n<\/ul>\n<p>Read last week\u2019s crypto VC funding here.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The week of November 23-29, 2025, was a notable period for crypto VC funding, with $10.46 billion in total activity across 10 projects. Summary Crypto VC funding soared to $10.46B,&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7329,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=16921"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16921\/revisions"}],"predecessor-version":[{"id":16922,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16921\/revisions\/16922"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/7329"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=16921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=16921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=16921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}