Wednesday 4 November: tZERO to go public through a $350M SPAC deal with FG Imperii Acquisition Corp
5 rounds · $69M disclosed (USD rounds) · largest: Latitude $35M · 36 rounds in the last 7 days · Builders Fintech Funding Index 143.4 (W44, provisional)
Tokenisation ran through the day’s stories: tZERO plans to list through a $350M SPAC deal, Securitize extended its onchain stock offering to 25 equities, Mastercard signed an MoU with Tencent’s TenPay Global and OKX took its stablecoin card to most US states. Elsewhere, OpenAI’s funding target was cut to up to $20B and Mercado Bitcoin paused withdrawals after a drain of more than $40M.
Why it matters: A tokenisation specialist with ICE as an investor is heading to NYSE American, giving public markets a listed way to track onchain securities infrastructure alongside Securitize.
The lead: tZERO to go public through a $350M SPAC deal with FG Imperii Acquisition Corp
Rounds
• Latitude raises $35M Series A — led by Oak HC/FT, with NEA, Coinbase Ventures, Lightspeed Faction, OpenFX and Wilson Sonsini
• MetaComp raises $22M Pre-A — Singapore; led by Eastern Bell Capital, with Noah, Sky9 Capital, Freshwave Fund and Beingboom Capital
• LO:TECH raises $12M Series A — London-based capital markets firm; led by MMC
• Conlio raises €6.4M undisclosed — Berlin-based; led by Piton Capital, the London venture firm
• PropHub raises a strategic venture round, amount undisclosed — Brazil
Funds and debt
• Norrsken Evolve — €62M Pre-seed fund (final close)
• Evertrue Capital — $17M Fund I (final close)
• Robin Capital — €15M Fund II (final close)
News
• Revolut registered as a bank in New Zealand, its seventh banking licence and the first digital bank in the country — The Reserve Bank of New Zealand has registered Revolut as a bank.
• Mercado Bitcoin halts withdrawals after more than $40M is drained from its wallets — Brazilian crypto exchange Mercado Bitcoin suspended deposits and withdrawals on 2 November after wallets tied to the platform were drained across at least 10 blockchains.
• Securitize expands its onchain US stock offering to 25 equities — Securitize has added 13 US equities to Securitize Stocks, bringing the offering to 25 since the first wave launched on 8 October.
• OKX brings its Mastercard stablecoin card to most US states — OKX has launched its Mastercard-powered virtual OKX Card in most US states and select territories, letting eligible customers spend stablecoins anywhere Mastercard is accepted.
• Mastercard and Tencent’s TenPay Global sign an MoU on QR acceptance, remittances and agentic payments — Mastercard and Tencent’s TenPay Global have signed a memorandum of understanding for a proposed collaboration, announced on 2 November.
• OpenAI cuts its funding target to up to $20B at a $1.25T valuation, FT reports — OpenAI is now seeking up to $20 billion at a $1.25 trillion valuation, about a third less than the earlier $30 billion target, the Financial Times reported.
• Abu Dhabi’s FSRA grants Animoca Brands a fund management permission — The Financial Services Regulatory Authority of Abu Dhabi Global Market has granted a Financial Services Permission to Animoca Asset Management (AD) Limited, a subsidiary of Animoca Brands.
• Novastart announcement — Novastart Lets 10 AI Agents Use a Computer at the Same Time — Without Taking Over Your Mouse
Quick hits
• CIBC signed a multi-year deal to run its Canadian retail core on Thought Machine’s Vault Core, with The Simplii Account the first product live on the platform. (Source)
• Chainalysis said an attacker accessed non-sensitive customer data including user IDs, full names, email addresses and role labels, and that the incident is unrelated to the Binance theft. (Source)
Full edition on the site: https://buildersinfintech.ai/daily/2026-11-03
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