Crypto VC deals hit $41M in March amid bull market debate

Venture capital activity in blockchain and cryptocurrency remained robust in March, with eight startups securing funding rounds totaling tens of millions of dollars.

Despite market volatility, investors continued backing projects spanning interoperability, Web3 infrastructure, and decentralised finance (DeFi), signaling sustained confidence in the sector’s growth potential.

Across Protocol led the month’s funding with a $41 million token sale, supported by Paradigm, Coinbase Ventures, and Multicoin Capital.

The Ethereum (CRYPTO:ETH) crosschain platform aims to enhance layer-2 connectivity through its “intents” architecture, which decouples asset transfers from message verification for faster, cheaper transactions.

Ribbit Capital anchored a $23.6 million raise for Crossmint, an enterprise Web3 platform offering low-code APIs for blockchain functions like tokenisation and credentials.

Over 40,000 companies now use Crossmint across 40+ blockchains, highlighting demand for simplified onchain integration.

Abound, a remittance app targeting India-U.S. transactions, secured $14 million from Near Foundation and Circle Ventures.

Though its blockchain integration remains unclear, the funding underscores interest in cross-border payment solutions.

Chronicle, an Ethereum oracle and tokenisation infrastructure provider, raised $12 million in seed funding from Strobe Ventures and others.

The company cited institutional demand for real-world asset (RWA) tokenisation as a key driver.

Other notable deals included Halliday’s $20 million Series A for its no-code Agentic Workflow Protocol, Validation Cloud’s $15 million AI-blockchain infrastructure round, and Scytale Digital’s $20 million Polkadot Ecosystem Fund.