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RWA funding: 10 teams raised $449.5M, 50% in 1 IPO

By NAUT Research · · 7 min read

$449.5M RWA funding raised by the 10 of 11 tokenized asset rounds that disclosed, 1 July to 11 October 2026. Logos: Securitize, World, ADI, Cari Network, DATA Network, Pact Labs, PonyGo, DAC, Alloco, tZERO.

RWA funding from 1 July to 11 October 2026 came to $449.5M: 10 companies announced 11 rounds for tokenized assets, and the 10 rounds that disclosed an amount raised that sum. Securitize's $225M is 50% of the total. NAUT's own record names a backer on 4 of the 11 rounds, and the press reports behind 5 more name theirs, from 7 US banks at Cari Network to Pantera Capital at World.

Data as of 29 October 2026, from NAUT's funding records. The scope is tokenization funding, so rounds into tokenization and real-world asset companies: 11 of the 254 crypto rounds NAUT records in this window. Every backer count below is NAUT's record for that round, and backers that only the press reports name are marked with the outlet that named them. Each round is checked against outside reports, listed under Sources; 3 amounts or dates are reported from NAUT's own records because the outside reports we found disagree: outside reports put Securitize's raise at $400M with the $225M NAUT records as the PIPE slice, date Alloco's round 26 August with YZi Labs as the backer, and date DAC's round 2 September with Unicorn Crypto Ventures as the backer. Dates are the announce dates NAUT stores, so a project page viewed in another timezone can render the next calendar day. NAUT Research wrote this report; no one paid for it.

Which RWA funding rounds closed, and who led each?

Date Company Round, raised Backers
1 Jul IPO, $225M None on NAUT's record
13 Jul Strategic, $50M None on NAUT's record
14 Jul Series A, $7M (lead), , Lasagna
24 Jul Private token sale, $52.5M Pantera Capital, Bain Capital Crypto, Eightco, Selini Capital, Susquehanna Crypto, per The Block
25 Aug Incubation, $0.5M None on NAUT's record, YZi Labs per PANews
28 Aug Strategic, $1M None on NAUT's record, Unicorn Crypto Ventures per Exbasi
2 Sep Strategic, $32.5M 7 banks, per Pulse 2.0
14 Sep Undisclosed, no amount , , plus Marc Cohodes and Max Cohodes (leads) and Bill Fleckenstein, per 's own release
20 Sep Strategic, $2M
28 Sep OTC purchase, $49M None named
11 Oct Strategic, $30M

Who runs each company, and who backed it?

  • tokenizes private equity and private market funds for institutions.
    • Co-Founder and CEO: Carlos Domingo
    • Backers: none on NAUT's record for this round
  • runs an Ethereum L2 for stablecoins and RWAs aimed at MENA governments and enterprises.
  • builds on-chain credit and USAT payroll and settlement rails.
    • Led by: Tether
    • Joined: Blockchange Ventures and Lasagna, which has no NAUT page yet. PR Newswire reports the Series A as a strategic investment from Tether with Blockchange Ventures and Lasagna participating.
    • NAUT holds a co-founder for this team with no page yet, so start from the company page
  • runs an identity and payments network, and took 2 of the 11 rounds here.
    • Co-founder and CEO: Alex Blania
    • Backers: none on NAUT's record for either round. The Block reports that Pantera Capital led the first close of the 24 July token sale, with Bain Capital Crypto, Eightco, Selini Capital and Susquehanna Crypto also in it. None of the 5 has a NAUT page tied to this round. No report names the buyer in the $49M OTC purchase of 28 September.
  • builds tokenized products shaped by hedge fund portfolios and systematic strategies.
    • Backers: none on NAUT's record. PANews reports the $500k cheque came from YZi Labs, in a cohort of 24 startups, and dates it 26 August.
    • NAUT lists no contact for this team yet
  • is a quantum-proof chain built for RWA, DeFi and data validation, whose NAUT row carries Quantum Chain in its name.
    • CEO on NAUT's own page: Stefano De Simone
    • Backers: none on NAUT's record. Exbasi reports Unicorn Crypto Ventures as the investor and dates the round 2 September.
  • is a tokenized deposit network for chartered banks.
    • Backers: none on NAUT's record. Pulse 2.0 reports the $32.5M came from 7 banks, First Horizon, Huntington, KeyBank, M&T, Old National, SouthState and Glacier, none of which has a NAUT page tied to this round.
    • NAUT lists no contact for this team yet
  • runs tokenized capital markets infrastructure.
    • Backers: Intercontinental Exchange (ICE in the table above) and Dinari
    • tZERO's own release names angels Marc Cohodes and Max Cohodes as the leads, with Bill Fleckenstein and Neighborhood Intelligence also in it. None of the 4 is on NAUT's record for this round.
    • NAUT holds a CEO for this team with no page yet, so start from the company page
  • aggregates Web3 financial services, including a standalone RWA site.
  • is the Cosmos SDK L1 that started as Story Protocol, covering IP and data markets.
    • CEO on NAUT's record: Andrea Muttoni
    • Backed by: Sui Foundation. The Block's report also names PIP Labs and the DATA Foundation as parties to the deal.

How much RWA funding did each company raise?

Raised per round, the 10 that disclosed an amount
  1. Securitize$225M
  2. World (token sale)$52.5M
  3. ADI$50M
  4. World (OTC)$49M
  5. Cari Network$32.5M
  6. DATA Network$30M
  7. Pact Labs$7M
  8. PonyGo$2M
  9. DAC$1M
  10. Alloco$0.5M

Securitize's $225M is 50% of the $449.5M disclosed, and World's 2 rounds add $101.5M. tZERO did not disclose its amount.

What this RWA funding list tells a BD team

How a BD team can work this list
  1. Start with the 6 big rounds$439M of the $449.5M disclosed sits in Securitize, World, ADI, Cari Network and DATA Network.
  2. Open the 5 named leadersCarlos Domingo, Andrey Lazorenko, Alex Blania, Stefano De Simone and Andrea Muttoni each have a NAUT page with their handle.
  3. Use the company page for the restAlloco, Cari Network and PonyGo list no person, so pitch through the handle on the company page.
  4. Reach out while it is news5 of the 11 rounds landed in September or October 2026, so the raise is still a reason to write.

What this tells an RWA founder raising now

  • 8 of the 11 rounds have a named backer somewhere. NAUT's record holds the backers of 4: Pact Labs, tZERO, PonyGo and DATA Network. The reports behind 4 more name theirs: 7 banks at Cari Network, Pantera Capital and 4 others at World's token sale, YZi Labs at Alloco and Unicorn Crypto Ventures at DAC. So a check against the press release is worth the 5 minutes before you treat a round as unbacked.
  • Banks invest in the network that issues tokenized deposits. Pulse 2.0 reports First Horizon, Huntington, KeyBank, M&T, Old National, SouthState and Glacier behind Cari Network's $32.5M, which makes a lender channel a live route in this sector.
  • Strategic money beats venture money in this set. 9 of the 11 rounds are labelled strategic, a token sale, an OTC purchase, an incubation or an IPO, and 1 is a Series A: Pact Labs at $7M, led by Tether. tZERO's round type is undisclosed.
  • Operators write the cheques. 4 of the 6 backers on NAUT's record run a product of their own rather than a fund: Tether, Sui Foundation, Dinari and Intercontinental Exchange, the exchange group. The other 2 are funds, Blockchange Ventures and Blockin Venture.
How a founder can use this list
  1. Target the operators4 of the 6 backers on NAUT's record run their own product, such as Tether at Pact Labs and Sui Foundation at DATA Network.
  2. Price your round against the setThe 4 smallest disclosed rounds raised $10.5M in total, from Alloco's $0.5M to Pact Labs's $7M.
  3. Work the bank channelPulse 2.0 reports 7 banks behind Cari Network's $32.5M, so regulated lenders are writing cheques in tokenized deposits.
  4. Reach the partnerEach investor's NAUT page lists its team and the people to contact.

How to reach the decision makers

The RWA investors, companies and people above each link to a NAUT page, which carries the X handle, the team and the rounds. All 6 backers on NAUT's record are firms or projects with a page. For the 3 companies with no contact row, Alloco, Cari Network and PonyGo, the company page is the way in. tZERO and Pact Labs each have a senior contact in NAUT's records with no page yet, so their company pages are the right first stop.

Can you pull this data through the NAUT API?

Yes. Every company in this article is in NAUT's developer API as JSON, the same records the pages show. GET https://api.naut.so/v1/projects/securitize returns that company with its team, in the same shape as every other company named here, for 5 credits a call. A key with no credits gets clearly marked sample data, so you can build against it first. Plans start at $49 a month for 3,000 credits (pricing), and the API docs list every endpoint. Verified Telegram, email and LinkedIn for the people on NAUT unlock on any paid plan: start a 7-day trial.

RWA funding FAQ

How much RWA funding did startups raise from July to October 2026?

$449.5M, across the 10 of 11 rounds that disclosed an amount between 1 July and 11 October 2026. tZERO closed its 14 September round without disclosing a figure.

Who invested in RWA startups from July to October 2026?

NAUT's record names a backer on 4 of the 11 rounds: Tether led Pact Labs's $7M Series A with Blockchange Ventures joining, Intercontinental Exchange and Dinari backed tZERO's undisclosed round, Blockin Venture backed PonyGo's $2M, and Sui Foundation backed DATA Network's $30M. Press reports add 7 banks at Cari Network, Pantera Capital, Bain Capital Crypto, Eightco, Selini Capital and Susquehanna Crypto at World's 24 July token sale, Marc Cohodes and Max Cohodes as leads with Bill Fleckenstein at tZERO, YZi Labs at Alloco and Unicorn Crypto Ventures at DAC.

Which RWA company raised the most since July 2026?

Securitize, with the $225M NAUT records for its 1 July 2026 listing, 50% of the $449.5M disclosed in the window. World is next on a combined $101.5M across a $52.5M token sale on 24 July and a $49M OTC purchase on 28 September 2026.

Who led the RWA funding rounds between July and October 2026?

Tether led Pact Labs's $7M Series A on 14 July 2026. That is the only lead NAUT's record holds for these 11 rounds. tZERO's own release names angels Marc Cohodes and Max Cohodes as the leads of its undisclosed 14 September 2026 round, and The Block reports that Pantera Capital led the first close of World's $52.5M token sale on 24 July 2026.

Which RWA teams can a BD team contact by name?

5 of the 10 companies list a named leader on NAUT: Carlos Domingo at Securitize, Andrey Lazorenko at ADI, Alex Blania at World, Stefano De Simone at DAC and Andrea Muttoni at DATA Network.

Can I get this data through an API?

Yes. NAUT's developer API at api.naut.so/v1 returns the data behind this article as JSON: GET /v1/projects/securitize returns that company with its team, in the same shape as every other company named here. A call costs 5 credits, and a key with no credits returns marked sample data for free.

Sources

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