Inside the ICO Details and What’s Next for the Project

plasma-raises-$1b-on-cobie-sonar-platform-1.webp

plasma-raises-$1b-on-cobie-sonar-platform-2.webp

plasma-raises-$1b-on-cobie-sonar-platform-3.webp

XPL Public Sale

plasma-raises-$1b-on-cobie-sonar-platform-5.webp

Confidence in the Project and Its Backers

Plasma raises $24M in Seed and Series A rounds with support from top investors

plasma-raises-24m-seed-series-a.webp

plasma-raises-$1b-on-cobie-sonar-platform-4.webp

Decreased Potential Returns

What Is Plasma?

Ethereum

Bitcoin

Tether

Glowing "$1B" hologram above a circular platform with a suited figure in a dark, futuristic crypto-themed illustration

large_plasma-1b-deposit-dark.webp

medium_plasma-1b-deposit-dark.webp

small_plasma-1b-deposit-dark.webp

thumbnail_plasma-1b-deposit-dark.webp

plasma-1b-deposit-dark.webp

Plasma, the first project launched on Cobie’s Sonar platform, stunned the crypto world by raising $1B in days. With high-speed deposits, major backers, and a stablecoin-first blockchain design, Plasma is shaping up to be a serious player in DeFi.

Framework Ventures

Bitfinex

DRW Venture Capital

Bybit

Mirana Ventures

Nomura

Founders Fund

Peter Thiel

Paolo Ardoino

Cobie

Plasma Raises $1B on Sonar Platform

Tradeweb

Broadridge

Canton Foundation

United States of America

Polychain Capital is a cryptocurrency-focused investment management firm and hedge fund. It was founded in 2016 by Olaf Carlson-Wee, who was the first employee at Coinbase and is known for being one of the earliest advocates of cryptocurrencies and blockchain technology. Polychain Capital is headquartered in San Francisco, California, and is considered one of the prominent players in the cryptocurrency investment space.

Polychain Capital

Kraken Ventures invests in businesses and projects at the nexus of both the FinTech and Blockchain / Crypto revolution.

Kraken Ventures

Nima Capital is a single-family office global approach to identifying first mover companies disrupting large industries around the world.

Nima Capital

Liberty City Ventures invest in startups that are innovating at the cross-sections of technology, media and commerce.

Liberty City Ventures

DRW Venture Capital, an arm of principal trading firm DRW, invests primarily in financial and enterprise technology. Many of our portfolio companies benefit from our engagement beyond capital: as a client, as a liquidity provider, through our review of new products, and through our deep industry expertise.

As a firm with no outside investors, wehave a flexible mandate to deploy capital and often tap into our core business to help companies grow. We’re powered by the people, technology and ideas of DRW, and those we invest in may leverage it all. DRW has diversified business expertise and deep networks in trading and technology, real estate investment, cryptocurrencies and product development — a unique advantage.

ARK Invest pays close attention to thematic investments and invests exclusively in breakthrough innovations.

ARK Invest

7RIDGE

Tharimmune

ParaFi Capital is an alternative investment firm focused on blockchain and decentralized finance markets.

ParaFi Capital

Finland

Founder and CEO of Aave and ETHLend. He is an experienced businessman with extensive knowledge of blockchain, cryptocurrencies and financial technology.

Stani Kulechov

We offer investors intelligently designed investment strategies that take advantage of targeted market opportunities.

VanEck

Alumni Ventures

LambdaClass is a venture studio that works on difficult problems related to distributed systems, ML, compilers and cryptography.

LambdaClass

F-Prime Capital

Endeavor Catalyst

Persea VC

Lemon

The CMT Group has acted as a valued collaborator to numerous exchanges, clearing firms, and trading and investment teams, generating edge by pairing market insight with early adoption and innovation of nascent technologies.

CMT Digital

Valor is an investment firm that focuses on cross-border financial and investment opportunities. The firm operates across two investment strategies Growth Equity and Venture Capital. It was founded in 2011 and headquartered in New York, United States.

Valor Capital Group

Coinbase Ventures is the venture capital arm of Coinbase, one of the largest and most well-known cryptocurrency exchanges in the world. Coinbase Ventures is focused on investing in early-stage companies and projects in the blockchain and cryptocurrency space. It provides funding, resources, and support to startups and entrepreneurs working on innovative blockchain and crypto-related technologies and applications.

Coinbase Ventures

Draper Associates is a global venture capital firm that invests in companies driving transformative change across industries.

Draper Associates

Cadenza actively invests in the technology companies and related crypto assets that are reshaping financial services.

Cadenza Ventures

Draper Cygnus

DST Global

Goodwater

United Kingdom

Kingsway Capital

Draper University

Amagis Capital

Virtu Financial

Circle Ventures focuses on proprietary capital investments in the technology sector.

Circle Ventures

Paxos

Citadel Securities

BNP Paribas Private Equity

DTCC

Canton

Goldman Sachs is a multinational financial services firm providing securities, investment banking, and management services.

Goldman Sachs

IBM is an information technology and consulting firm that provides computer hardware, software, infrastructure, and hosting services.

Salesforce Ventures invests in the next gen of enterprise tech to help companies connect with their customers in entirely new ways.

Salesforce Ventures

Mouro Capital

CME Ventures is the strategic investment arm of CME Group focused on managing a portfolio of external minority equity investments

CME Ventures

Accenture Ventures

J.P. Morgan

Deutsche Borse

ABN AMRO

Citi Ventures

ASX Limited

Blackstone

Samsung Ventures

Eldridge

Digital Asset (Canton Network)

Zaheer

Investing in the crypto-powered Web3 and creator economy ecosystems

6MV (6th Man Ventures)

Virgin Islands (British)

Bybit is a global cryptocurrency derivatives exchange designed for all retail traders, professionals and investment institutions alike.

Cobie, a well-known pseudonymous figure, has made a significant impact both on crypto Twitter and within the broader cryptocurrency industry. Beyond his online presence, he's also recognized as the founder of Echo.

Flow Traders

IMC Financial Markets

Laser Digital is a crypto business redefining the frontier of digital finance for institutional investors.

Laser Digital

Guy Young

Framework Ventures is a cutting-edge venture capital firm deeply immersed in the world of decentralized finance (DeFi) and blockchain technology. Founded by Michael Anderson and Vance Spencer, Framework Ventures stands out as a key player in the rapidly evolving landscape of digital assets and blockchain-based financial innovations.

Taiwan

Bitfinex is the world's leading digital asset trading platform.

Italy

Paolo Ardoino is the CEO of Tether & CTO of Bitfinex

Plasma

Founders Fund is a venture capital firm based in San Francisco, specializing in investments in science and technology companies.

Manifold Trading is a early-stage web3 fund that takes a data-driven, systematic approach to making high-conviction investments.

Manifold Trading

Anthos Capital

Karatage

Christian Angermayer

Wintermute is a truly value adding investor dedicated to supporting the innovation in the blockchain ecosystem.

Wintermute

Canada

NextBlock Global

Notabene

China

Fenbushi Capital is the first and most active blockchain-focused venture capital firm in Asia

Fenbushi Capital

Jump Capital is a venture capital and growth equity firm that focuses on investing in technology-driven companies across various industries. With offices in Chicago and New York, Jump Capital has established itself as a strategic investor with a broad portfolio, encompassing sectors such as software, fintech, healthcare, and more.

Jump Capital

Gemini Frontier Fund is a strategic venture fund focused on growing the crypto ecosystem through investment in early-stage crypto projects.

Gemini Frontier Fund

Y Combinator is a startup accelerator that invests in a wide range of startups twice a year.

Y Combinator

ZILHive

Switzerland

Dialectic is a Swiss capital enterprise focused on deployment of human and financial capital into alternative assets.

Dialectic Capital

Castle Island Ventures is a venture capital firm

Castle Island Ventures

Backing passionate entrepreneurs that want to solve substantive issues in financial services through the innovative use of technology.

Green Visor Capital

Pardon Makumbe

Charles Delingpole is Founder and CEO of ComplyAdvantage, a technology company focused on wiping out financial crime using Machine Learning. As CEO, Charles leads the product development and growth of the company. His passion for the issue came from his time as the MLRO of a previous startup he founded when he realized how inefficient processesaround money laundering are.
Over 99% of money laundering is successful, ComplyAdvantage is working to stop it completely. Founded in 2014 with offices in London, New York, Singapore, and Cluj, ComplyAdvantage work with over 350 firms across 45 countries. Charles set up his first company, The Student Room Group, now the world’s largest student discussion forum when he was 16. After completing his MA in Politics at Trinity College Cambridge, and then an MSc in Management, Strategy, and Finance from the LSE, he became an associate at J.P. Morgan Cazenove.

Charlie Delingpole

BlockFi

Illuminate Financial

Luno

Bitso unlocks the potential of borderless, secure and easy-to-use financial products by making cryptocurrency useful.

Bitso

Gate.io

Two Sigma Ventures is an early-stage venture capital fund that invests in companies run by highly driven people.

Two Sigma Ventures

Exness

GMO Internet

Pepperstone

ThinkMarkets

Crossover Markets Group

Gate Ventures

TMGM

Arrington Capital is a thesis-focused digital asset and Web3 investing firm. Since 2017, Arrington Capital has invested in over 200 early-stage companies in the crypto ecosystem. Arrington Capital's crypto-native team of seasoned entrepreneurs, founders, and executives is committed to doubling down on efforts to ensure our partners' success.

Arrington Capital

Sfermion is a multi-strategy investment firm focused on the immersive internet. Sfermion's mission is to accelerate the emergence of the metaverse by investing in the companies and founders who are shaping our digital future.

Sfermion

OP Crypto is a venture capital firm that supports early-stage startups in the new digital assets economy.

OP Crypto

FBG Capital is a digital asset management firm. FBG Capital also incubates promising blockchain projects and companies.

FBG Capital

Redbeard Ventures builds, invests, and advises startups that help to gain a keen sense of what really matters when building a company.

Red Beard Ventures

Everyrealm is one of the most active investors and developers of the metaverse ecosystem.

Everyrealm

Ripple

Brevan Howard Asset Management LLP is an investment manager authorised and regulated by the Financial Services Authority in the United

Brevan Howard

Gemini Funds provides a range of pooled investment solutions in the United States.

Gemini Funds

FJ Labs

Neuberger Berman

Intersection Growth Partners

Crossbeam Venture Partners

BH Digital

Supermojo

Coatue is a privately-owned hedge fund sponsor. Coatue invests in public and private equity markets focusing on the technology, media, and telecommunications industries.

Coatue Management

Sequoia Capital is a renowned venture capital firm with a strong presence in Silicon Valley and a global reach. Founded in 1972 by Don Valentine, it has played a significant role in the growth and development of numerous technology companies.

Sequoia Capital

Spark Digital Capital is a research-focused crypto fund that invests in the future of blockchain and technology.

Spark Digital Capital

BNY Mellon is an investment company that provides investment management, investment services, and wealth management services.

DRW Venture Capital

About DRW Venture Capital

Latest DRW Venture Capital Research

Plasma Raises $1B on Sonar Platform