Portfolio news: Kraken, Customer.io, CoinDCX and 31 more

Kraken has become the top-ranked crypto exchange globally, according to Kaiko, after steadily climbing from #3 in Q1 and #2 in Q2. The milestone underscores Kraken’s position as the infrastructure backbone for institutional crypto finance.

The platform reported $412M in Q2 revenue (up 18% YoY), with $186.8B in trading volume and 9M+ clients across 190 countries.

From five early adopters to 8,000+ customers, Customer.io has officially surpassed $100M in annual recurring revenue. The milestone reflects over a decade of compounding growth in customer engagement infrastructure.

Coinbase has made a strategic investment in Indian crypto exchange CoinDCX, reportedly valuing the company at $2.45 billion. The deal signals Coinbase’s shift toward a partner-based expansion model in emerging markets, targeting India and the Middle East’s combined 100M+ crypto users. 

Carta has acquired Sirvatus, a leading loan administration platform, to launch Carta Loan Operations—the first fully integrated solution for private credit fund CFOs. The move extends Carta’s “ERP for Private Capital” model to one of the fastest-growing asset classes, as private credit AUM hits $1.7T and is projected to reach $2.8T by 2028.

JPYC, the first legally recognized yen stablecoin under Japan’s Payment Services Act, is now live on Avalanche. Fully backed by yen deposits and government bonds, JPYC will be issued via the JPYC EX platform.

Planned integrations include Densan System for retail payments and Asteria’s enterprise tools used by 10,000+ companies. The team aims to reach ¥10 trillion in circulation within three years.

Klarna has introduced a new credit card, issued by WebBank, designed to extend its buy now, pay later (BNPL) offering beyond Klarna-integrated merchants. This launch extends Klarna’s reach beyond merchant integrations, providing users with Klarna-style flexibility across all retail.

London’s largest independent brewery, Signature Brew, has secured its first nationwide grocery listing. Its flagship Roadie IPA, a two-star Great Taste Award winner, will launch in 250 ASDA stores across the UK.

ODDO BHF, a 175-year-old French banking group, has issued its first euro-backed stablecoin, EUROD, exclusively on Polygon.

SpaceX has delivered 21 Lockheed Martin-built satellites to orbit for the U.S. Space Development Agency’s Tranche 1 Transport Layer, part of a 126-satellite secure comms network. The mission supports the SDA’s broader Proliferated Warfighter Space Architecture, aimed at fast, encrypted global defense communications.

Super Nutrition is an AI-powered personalized meal planning product co-developed with pro athletes. It adapts daily to users’ progress and activity, integrating with our existing AI fitness ecosystem.

Phoenix Tailings has opened a new facility in Exeter, NH — one of the first U.S.-based rare earth metallization plants with zero reliance on inputs or technology from at-risk regions. Initial production includes NdPr and DyFe alloys, with expansion planned across key defense- and energy-critical metals.

The companies aim to launch the first sustainability feature in a Turkish consumer finance app. Now, millions of Zip users can view real-time carbon insights, support local climate projects, and take positive action—all natively inside the Zip app.

Terraformation has been awarded the Keeling Curve Prize in the Finance category for its work accelerating biodiverse reforestation through accessible climate finance, tools, and training. The prize, announced during Climate Week NYC, highlights scalable solutions addressing global emissions.

Nth Cycle has been chosen as one of four startups globally for the Greentown Go x M-Lab 2025 program, a collaboration between Greentown Labs and M-Lab, a consortium of leading Japanese industrial firms.

The program focuses on innovations in grid modernization and critical-mineral recovery. 

Autonomys has launched its full-stack platform for decentralized AI. Unlike networks reliant on off-chain storage, Autonomys stores all AI data and history directly onchain. The deployed stack includes execution modules and agent infrastructure, making it one of the first live, verifiable environments purpose-built for decentralized AI.

The companies aim to distribute an exclusive airdrop to 3,000+ institutional investors and market participants in The Tie's network.

Velo3D is broadening its collaboration with iRocket—adding its Sapphire metal printers and Rapid Production Solutions to support iRocket’s move from prototyping to full-scale production of reusable rockets and 3D‑printed solid motors.

With AdvizorPro’s advanced advisor data and CRM integration, Zoe now drives more personalized, high-impact engagement—tripling its advisor pipeline and strengthening its position as a go-to growth platform for modern RIAs.

Verv has partnered with Ascona Group, one of the UK’s fastest-growing forecourt operators, to deploy its patented eGenius™ platform across 62 roadside retail locations.

Riders Share, the largest motorcycle rental platform in the U.S., has released a free maintenance tracking app for motorcycle owners—aimed at replacing paid alternatives in the powersports market. The new tool enables riders to log service history, set reminders, and monitor upkeep without subscription fees.

Rescale rolled out key product upgrades this quarter, including a redesigned platform UI, AI-powered workflow tools like the Model Context Protocol server, and improved admin features like real-time usage reporting.

Caribou has entered a strategic partnership with Kikoff, a credit-building platform, to unlock new acquisition channels and increase conversion among subprime customers.

Over the past six months, thousands of players have joined free games through Plei, powered by adidas.

This product update eliminates manual setup for simulation monitoring. The platform now auto-matches running jobs and workstation locations, reducing user friction and error rates.

Gazyva (obinutuzumab) has received FDA approval for adults with lupus nephritis, offering improved kidney outcomes when combined with standard care.

Immusoft has secured FDA Fast Track designation for ISP-001, its lead engineered B cell therapy targeting mucopolysaccharidosis type I (MPS I)—a rare, life-threatening lysosomal storage disorder.

This milestone further validates Immusoft’s platform approach: using a patient’s own B cells as living biofactories for continuous protein delivery, a strategy designed to overcome limitations of traditional gene therapy and enzyme replacement.

Fieldwork has entered a 24-month trial with Portugal’s Research Centre for Sustainability, testing its AI-powered harvesting robots on key raspberry varieties like Reyna™ and Maravilla™. These farms serve as global benchmarks for Driscoll’s grower network. The trial is a key step toward commercial validation across international berry supply chains.

B2C2 is now contributing proprietary pricing data to Pyth Network, strengthening the oracle’s price feeds with deeper, institution-grade inputs.

Utila has been named to the CB Insights 2025 Fintech 100, recognizing the most promising private fintech companies globally.

They have also rolled out support for EIP-7702 across all compatible EVM chains, enabling native gas sponsorship, batch execution, and secure delegation with policy-based controls. 

Edible Garden has joined the Controlled Environment Agriculture (CEA) Alliance, aligning with top indoor ag players to advance food safety, sustainability, and industry advocacy. The move reinforces its Zero-Waste Inspired® mission and deepens its commitment to Walmart’s Project Gigaton, where it’s recognized as a Giga Guru. The partnership supports Edible Garden’s role in shaping national CEA policy and scaling next-gen farming practices.

ALICE Technologies has introduced Insights Agent, a new conversational AI tool that gives construction teams real-time, plain-language answers about project schedules, logic changes, and optimization paths. Designed to reduce manual data exports and increase transparency, the tool supports multiple languages and enhances accessibility for global teams.

Blockdaemon has launched Earn Stack, a unified platform combining institutional staking and DeFi infrastructure under one secure, non-custodial interface. The launch marks a strategic expansion from its roots in node operations to a full-stack infrastructure provider spanning four business units: nodes, staking, wallets, and DeFi.

Laka has been named one of the UK’s most innovative insurance technology companies in BusinessCloud’s InsurTech 50 ranking for 2025.

Cloudastructure (Nasdaq: CSAI) has entered into a Master Services Agreement with a leading developer of affordable and workforce housing to deploy AI surveillance and remote guarding solutions across its multifamily portfolio.