rockaway

According to SolanaFloor, the on-chain reinsurance company OnRe Finance has completed a $5 million financing round, led by Forward and Rockaway. The funds will be used to accelerate the development of on-chain reinsurance business on the Solana network.Forward plans to deploy up to $25 million in OnRe's ONyc token to gain exposure to tokenized reinsurance returns.

According to CoinDesk, Solmate (stock code SLMT), a Solana infrastructure company focused on the Abu Dhabi market, has signed a non-binding term sheet to acquire the digital asset company RockawayX through an all-stock transaction.This acquisition will create an institutional cryptocurrency group with managed assets and third-party interests exceeding $2 billion. The merged company will integrate RockawayX's infrastructure, liquidity, and asset management business into Solmate, which is transitioning from passive digital asset fund management to an operational cryptocurrency business, and will continue to trade under the stock code SLMT. Solmate's CEO Marco Santori will lead the group, while RockawayX's CEO Viktor Fischer will oversee the operations of the RockawayX subsidiary and serve as the executive chairman of Solmate.RockawayX is the blockchain business division of venture capital firm Rockaway Capital, providing on-chain market-making, lending, and other services. The company also manages venture capital and credit funds that collectively oversee approximately $1.04 billion in assets, with around $1.1 billion in assets staked on its validation nodes.

ChainCatcher news, according to official sources, the privacy execution layer Silhouette based on Hyperliquid has officially announced the completion of a $3 million Pre-Seed funding round led by RockawayX, with participation from Amber Group, HiveMind, Protagonist, No Limit Holdings, NGC Ventures, and Echo.Silhouette is a "Shield Exchange" built on TEE, aiming to achieve privacy-preserving order matching and settlement functions on Hyperliquid, supporting HyperCore and HyperEVM. It offers a new DeFi experience with various advanced strategy operations, including TWAP, VWAP, and RFQ, aiming to address the issue of "excessive transparency of information" in on-chain transactions, allowing users to trade freely without exposing their strategies.

ChainCatcher news, according to Forbes, cryptocurrency venture capital firm RockawayX, with total assets under management of $2 billion, announced the completion of fundraising for its second early-stage fund, totaling $125 million.The fund will primarily invest in startup projects based on the Solana blockchain, with a focus on yield-generating projects.

ChainCatcher news reports that, according to official sources, the Solana ecosystem's re-staking protocol Fragmetric has completed a $5 million strategic financing round, led by Rockaway Capital, with participation from Robot Ventures, Amber Group, Hypersphere, and BitGo.It is said that this round of financing comes just a month after its $7 million seed round, bringing Fragmetric's total funding to $12 million. This financing will be used to expand fragAsset and further advance its mission to build a reliable and innovative re-staking platform.According to Web3 asset data platform RootData, Fragmetric is Solana's native liquidity re-staking protocol, with a vision to enhance the security and economic potential of the Solana ecosystem. By leveraging Solana's token expansion, Fragmetric effectively implements NCN reward distribution. Additionally, Fragmetric has designed a practical solution, the standardized token program, to utilize various LSTs within the re-staking platform. Fragmetric's mission is to build a secure, transparent, and efficient re-staking infrastructure that empowers users and supports the stability of the Solana re-staking ecosystem.

ChainCatcher news, the DePIN protocol Teneo Protocol has completed a $3 million seed round financing, led by RockawayX and Borderless, with participation from Generative Ventures and others.Teneo is built on the first layer of the machine economy, peaq, unlocking social media data for Web3 and Web2 builders through the power of the community. The Teneo community node is a Web3 browser extension that allows anyone to contribute to the growing data network by collecting public posts from platforms like X and Reddit.According to RootData, Teneo Protocol is a DePIN data protocol. By targeting data pools that are behind paywalls or currently inaccessible (such as real-time social media insights and machine-generated data from industries like mobile and energy), Teneo has created a standardized access point. This allows AI companies, exchanges, market makers, builders, ecosystems, and more to utilize it.

ChainCatcher news, the developer of the encrypted derivatives exchange Ranger Protocol, Ranger Labs, has completed a $1.9 million financing at a valuation of $30 million, led by RockawayX. Asymmetric, Big Brain Holdings, RISE Capital, and Anagram also participated.Coby Lim, co-founder of Ranger Labs, stated that the protocol is currently planning to add new product lines to enable customers to use AI-assisted trading strategies.According to RootData, Ranger is an aggregated multi-asset trading platform designed for Solana traders.

ChainCatcher news, stablecoin issuer Schuman Financial has completed a $7.36 million seed round financing, led by RockawayX, with participation from Lightspeed Faction, Kraken Ventures, Nexo Ventures, Gnosis VC, Delta Blockchain Fund, and Bankless Ventures.In addition, Schuman Financial has launched the euro stablecoin EURØP, compliant with MiCA standards.Schuman Financial has become the first European company to obtain a stablecoin issuer license in France, and the company is building an ecosystem around EURØP, which includes SEPA integration, banking channels, and custodial partnerships with tier-one global banks such as Société Générale.

ChainCatcher news, DeFi project Exponent has completed a $2.1 million financing round, led by RockawayX, with participation from Solana Ventures, Cherry Ventures, Mechanism Capital, Robot Ventures, and angel investors Stepan Simkin, Marius C., David Lu, MacBrennan, among others. The funds will be used to build a fixed-rate market for DeFi on Solana.It is reported that the time-locked tokens issued by Exponent can generate fixed income or be used for yield trading. These tokens have an expiration date, allowing users to convert variable DeFi yields into fixed income over a set time span or to expand their exposure to yield volatility risks.

ChainCatcher news, according to The Block, cryptocurrency proprietary trading firm Breakout has completed a $4.5 million seed round financing, led by RockawayX, with participation from Andrew Kang's Mechanism Capital, Round13 Capital, C² Ventures, and IOBC Capital. The company's co-founder and CEO Alex Miningham declined to comment on the valuation.It is reported that Breakout is a cryptocurrency proprietary trading firm based on assessments. Traders can choose between a one-step or two-step assessment plan, with account sizes ranging from $5,000 to $100,000. After securing new funding, Breakout plans to expand into the Asia-Pacific and Latin American regions and attract more users through a global alliance program.

ChainCatcher news, on-chain credit and yield platform Idle has completed a $1.1 million strategic financing round, led by RockawayX, with participation from Fasanara Digital. This round of financing brings Idle's total funding to $2.4 million. The company plans to use these funds to further develop on-chain credit infrastructure and more.Idle is a decentralized autonomous organization (DAO) that provides yield automation and hedging tools for the decentralized finance (DeFi) market. The platform has accumulated $300 million in liquidity, with a trading volume exceeding $2 billion.

ChainCatcher news, Web3 game user-generated content startup PlayMakers announced the completion of a $1.5 million Pre-Seed funding round, led by RockawayX, with participation from major angel investors including Sébastien Borget, Vincent Hart de Keating, and Hugues Ouvard.It is reported that PlayMakers provides developers with a perfect and easy-to-implement solution to collect, curate, and integrate player creations, turning players into creators in Web3 games.