POPA ReconGauntlet raises $125M in a Series C funding round led by SBI Holdings
Gauntlet raises $125M in a Series C funding round led by SBI Holdings Gauntlet, the largest name in crypto vault curation, closed a $125M Series C fully funded by Japan's SBI Holdings. The company started in 2018 as a risk-modeling shop for DeFi protocols and pivoted into curating institutional capital onchain - today it manages $1.5B+ across vaults and works with 150+ fintechs and institutions. The round will fund stablecoin coverage beyond USD and EUR (MXN and JPY are next), new onchain products, and AI-supported operations. Valuation wasn't disclosed; the last mark was $1B back in 2022…
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