As 2025 comes to a close, the crypto venture capital scene is finishing strong. This week, there were reports of two big price increases. This shows that institutional investors now value infrastructure and utilities more than speculative tokens.

RedotPay, a stablecoin payment gateway, got $107 million in Series B funding. Solana-based DePIN Fuse Energy just finished a $70 million round at a mind-boggling valuation.

RedotPay, a fintech company based in Hong Kong, raised $107 million in a Series B round. With this huge investment, the company has raised $194 million in capital by 2025. This makes it one of the fastest-growing crypto payment rails.

  • The Round: The Series B was led by Goodwater Capital, with heavy-hitting participation from Pantera Capital, Blockchain Capital, and Circle Ventures.
  • The Stats: RedotPay isn’t just raising on promises. The company reports having 6 million users across 100 markets, processing $10 billion in annualized payment volume.
  • Revenue: Perhaps most impressively for a crypto startup, they claim to be generating $150 million in annualized revenue.

RedotPay solves the “spending problem” with crypto. RedotPay has a Visa-enabled card that lets people use stablecoins (USDT, USDC) to buy things at millions of stores around the world without having to go to a bank account, which can take days. At checkout, you can convert funds in real time.

They will use the new money to get new licenses, hire more compliance staff, and grow in the Middle East and Southeast Asia, where stablecoin payments in dollars are very popular.

Fuse Energy takes care of electricity, and RedotPay takes care of payments. Lowercarbon Capital and Balderton Capital led the Series B round, which brought in $70 million.

  • The Valuation: This round values Fuse Energy at a massive $5 billion, making it one of the most valuable DePIN (Decentralized Physical Infrastructure Network) projects in the ecosystem.
  • The Tech: Built on the Solana blockchain, Fuse is a vertically integrated energy company. They handle everything from renewable power generation to direct customer supply.
  • The “Crypto” Angle: Unlike traditional utility companies, Fuse uses the Solana blockchain to manage its decentralized grid. It allows for peer-to-peer energy trading and transparent tracking of renewable usage. This eliminates the inefficiencies of the legacy grid, aiming to provide cheaper, greener energy.