Gauntlet, a DeFi risk management and vault curation firm, raised $125 million in a Series C funding round led by SBI Holdings, the Japanese financial conglomerate. The firm currently manages $1.42 billion in assets across chains including Base, BNB Chain and Ethereum, and plans to use the capital to build infrastructure across traditional capital markets and expand stablecoin coverage. Last valued at $1 billion in 2022 during its Series B round of roughly $24 million, Gauntlet did not disclose the post-money valuation for this Series C. SBI Holdings, a Tokyo-based financial services group, is backing the round as part of its broader push to link traditional finance with digital-asset infrastructure.
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