Crypto funding hits $51.4M as Sui Foundation backs DATA Network

The Sui Foundation’s capital injection establishes it as a primary institutional stakeholder in DATA Network, alongside existing partners PIP Labs and the DATA Foundation. This move accompanies the protocol's planned transition to the Sui blockchain, which will eventually see the retirement of the project's independent chain. According to the foundation, existing token holder economics and governance rights remain protected during the migration, with Walrus designated as the new default storage layer.

Elsewhere, Fission secured $10 million in a Series A round led by Pantera Capital and Circle Ventures. The firm operates a secondary market for tokenized fund interests, promising near-instant liquidity for assets that typically require months to divest. Meanwhile, Zaria Systems raised $5.2 million led by Lightspeed Venture Partners. The company is currently pursuing a national trust-bank charter from the Office of the Comptroller of the Currency to centralize its loan servicing and collateral management operations under federal regulation. Rounding out the activity, smaller raises supported diverse use cases ranging from USDC-based sports payouts by GetPicks to AI-focused infrastructure projects like Orbio.