August, Secure and capital efficient DeFi, Raise $10M Series A Led by Dragonfly

March 7, 2025

August has closed a $10 million Series A funding round led by Dragonfly, with participation from 6th Man Ventures, Robot Ventures, Foresight Ventures, SCB Ltd, Maven 11 Capital, Fintech Collective, and several angel investors. The firm, which provides institutions with a range of on-chain financial services, intends to use the capital to enhance its platform and expand its client base. This funding comes amid growing institutional interest in digital assets and blockchain-based financial infrastructure.

The company reports over $7 billion in monthly trading volume and $400 million in loans originated last year. August offers a suite of financial tools designed for institutions, including trade execution algorithms, borrowing and lending solutions, structured products, and tri-party collateral management. The platform supports portfolio margining across DeFi and CeFi, aiming to address inefficiencies related to collateral fragmentation and transaction complexity. By integrating cross-chain and off-chain financial strategies, August provides institutions with a streamlined approach to digital asset management.

The expansion of tokenized markets has increased demand for more efficient capital deployment in crypto trading. August’s infrastructure enables institutions to execute multi-step transactions with reduced delays, supporting activities such as liquidity provision, hedging, and structured yield strategies. As stablecoin adoption grows and traditional asset tokenization advances, the company continues to develop solutions for institutions seeking broader exposure to blockchain-based financial instruments.

About August

August is a crypto prime brokerage offering institutions a platform for trading, lending, and managing digital asset portfolios. The company’s infrastructure is designed to improve capital efficiency through cross-margining across decentralized and centralized financial markets.

Website: https://www.augustdigital.io/

X: @august_digital

About Investor

Dragonfly

Dragonfly is a venture capital firm investing across the digital asset and blockchain ecosystem. The firm focuses on supporting projects at various stages, with investments spanning decentralized finance, blockchain infrastructure, and Web3 applications.

Location: New York; Singapore

Website: https://www.dragonfly.xyz/ A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.