Gauntlet is a company specializing in DeFi risk management and the optimization of decentralized finance protocols. The new capital will be used to expand infrastructure for traditional capital markets, develop stablecoin solutions, advance real-world asset tokenization, or RWA, and create institutional on-chain financial products.
This is Gauntlet’s largest funding round since the company was founded in 2018. Previously, it raised $24 million in a Series B round in 2022 at a $1 billion valuation. This time, Gauntlet did not disclose its new valuation.
According to DefiLlama data, Gauntlet currently manages approximately $1.42 billion in assets across several blockchains, including Ethereum, Base and BNB Chain, through risk management advisory services, liquidity optimization and strategy development for DeFi protocols.
CEO Tarun Chitra said the company’s goal is to build quantitative safeguards that allow financial institutions to bring capital onto blockchains while keeping risks under control. In his view, tokenization and vault-based products will grow faster than the stablecoin market over the next few years, becoming key drivers of the next generation of DeFi.
This is also SBI’s second major crypto deal in just two days. Earlier, the group became the sole investor in a $76 million Series C funding round for EDX Markets, an institutional digital asset exchange backed by Citadel Securities, Fidelity Digital Assets and Charles Schwab.
The strategy is also consistent with SBI’s broader direction in recent years. The group has steadily expanded its presence in digital banking, stablecoins, digital securities and enterprise blockchain platforms, while identifying asset tokenization as one of its key growth drivers for the years ahead.
