Decentralized privacy protocol Hinkal announced the completion of a $4.1 million financing round, led by Draper Associates, with participation from Psalion, NGC Ventures, Aquanow, No limit Holdings, Orange DAO, Draper Dragon, and Web3.com Ventures.

Canadian cryptocurrency trading platform Bitbuy, a subsidiary of WonderFi, announced the acquisition of cryptocurrency exchange Bitvo and all its customers, further expanding the company's actual share of the Canadian digital asset market. In a statement, the company said that after acquiring Bitvo, WonderFi now holds nearly half of all regulated trading platforms in Canada.

Decentralized cross-chain trading platform Kinetix Network announced the completion of a strategic financing round led by Factor and Gnosis Chain, with a financing amount in the "seven figures". The team stated that this partnership enables Kinetex to perfect its groundbreaking trading method to transfer liquidity between networks without storing assets in pools and using zero-knowledge (Zk) technology to achieve verification without relying on third parties. Kinetex plans to launch its public testnet on Gnosis Chain early next year. The testing phase is expected to last for three months, with the aim of identifying errors and improving user experience.

Kinto, a blockchain provider based in Orlando, FL, has raised $5M in funding from two rounds. The pre-seed round, led by Kyber Capital Crypto, contributed $1.5M. The second round, led by Kyber Capital Crypto, Spartan Group, and Parafi, raised $3.5M. The funds will be used for team expansion and network development. Kinto is a KYC’ed Layer 2 blockchain that supports both traditional finance and DeFi, offering low-cost, secure, and insured apps with encrypted personal information.