News

On October 9, Bitrise Capital announced the official establishment of a $100 million BNB ecosystem fund, aimed at supporting high-quality projects and infrastructure built on BNB Chain. The fund has received an intention to subscribe and strategic support from the exchange-listed company Nano Labs (NASDAQ: NA). Founded in 2017, Bitrise Capital is an investment institution focused on the cryptocurrency and blockchain sector, mainly engaged in primary and secondary market investments as well as project incubation, currently managing over $500 million in assets. Nano Labs is a Web3 infrastructure company and the world's first listed company with a BNB strategic reserve.

ChainCatcher news, crypto infrastructure startup Block Street has completed a $11.5 million financing round to build an "on-chain stock execution layer." The round was led by Hack VC, with participation from Generative Venture, DWF Labs, and executives from companies such as Jane Street and Point72. Block Street aims to bring the speed and reliability of traditional markets to tokenized stock trading. Its system, Aqua, is built on Monad and adopts a Request for Quote (RFQ) model, allowing market makers to compete to offer the best prices. Quotes are cryptographically signed and verified on-chain to prevent manipulation or delays. Another component, Everst, introduces lending and clearing tools for tokenized stocks, enabling users to borrow, short, or hedge these assets. Co-founder Hedy Wang stated: "Our mission is infrastructure, not just applications." Block Street plans to launch on Monad later this year, followed by expansion to Ethereum, BNB Chain, and Base.