Gauntlet, a DeFi risk management and asset allocation platform, has raised $125 million in a Series C round exclusively from Japanese financial group SBI Holdings—significantly exceeding its Series B round in 2022, which raised nearly $24 million at a valuation of approximately $1 billion.

SBI, a Tokyo-listed financial group with a total market capitalization exceeding $10 billion, has invested in multiple crypto companies including Ripple, Circle, and Morpho.

Founded by former Wall Street quantitative analyst Tarun Chitra, Gauntlet initially provided stress testing and risk analysis for DeFi protocols. In recent years, its business has shifted toward “vault curation,” assessing the risks of various DeFi yield vault strategies. Its current clients include Apollo, Coinbase, and stablecoin issuer Circle.

[PANews]

Crypto yield curator Gauntlet has raised $125 million in a Series C funding round, with Japan's SBI Holdings as the sole investor through its U.S. subsidiary, SBI Holdings USA, Inc.

The investment marks SBI Holdings' continued push into crypto market infrastructure. Earlier this week, the Japanese financial giant was also the sole investor in institutional crypto platform EDX Markets' $76 million Series C funding round.

With the fresh capital, Gauntlet plans to expand stablecoin coverage beyond the U.S. dollar (USD) and euro (EUR) to include the Mexican peso (MXN), Japanese yen (JPY), and other fiat-backed stablecoins. The company also plans to launch new onchain offerings and grow its global team with AI-supported operations.

Founded in 2018 as a blockchain analytics company before later shifting to crypto vault curation, Gauntlet helps institutions deploy capital onchain into DeFi markets while providing risk management and optimization services. The company said it currently curates more than $1.5 billion in assets across its vaults and works with more than 150 fintechs and institutions.

"Vaults have proven themselves to be the next major revolution in financial markets," said Tarun Chitra, co-founder and CEO of Gauntlet. "Much like ETFs increased equity participation in the U.S. equities market, we expect tokenization and vaults to increase the size of the DeFi market faster than overall stablecoin growth in the next few years."

Chitra said the new funding will help Gauntlet expand globally as more financial activity moves onchain. He added that SBI's experience across traditional finance and crypto will help the company bring more institutions onchain.

For SBI, the investment is part of its broader strategy to bridge traditional financial services with digital asset infrastructure. The firm said the crypto market has grown and that it sees digital assets becoming part of the broader financial system rather than remaining a separate trend.

"As traditional finance makes an irreversible transition toward onchain finance, ensuring the reliability and transparency that allows investors to enter the market with peace of mind is our highest priority," Yoshitaka Kitao, representative director, chairman and president of SBI Holdings, said in a statement. "As regulatory clarity progresses in the U.S. with the GENIUS Act and the CLARITY Act, we look forward to working with Gauntlet to build next-generation financial infrastructure that spans Japan, Asia and the world."

Gauntlet did not disclose the valuation for the Series C round. The company was last valued at $1 billion in 2022, when it raised $23.8 million in a Series B funding round led by Ribbit Capital.

Tarun Chitra's Gauntlet raises $125 million Series C from sole investor SBI Holdings

On July 9, according to Fortune, Gauntlet—a DeFi asset management and risk analysis company—raised $125 million in funding, exclusively invested by Japanese financial group SBI Holdings. The funding round was completed in June of this year, and the specific valuation was not disclosed.

This is Gauntlet’s largest funding round since its founding in 2018, significantly surpassing its $24 million Series B round in 2022, which was led by Ribbit Capital and valued the company at $1 billion.

Gauntlet was founded by former Wall Street quantitative trader Tarun Chitra. Initially, the firm focused on providing stress-testing and vulnerability analysis services for DeFi protocols. As DAO governance models waned, Gauntlet gradually pivoted toward “treasury curation”—using quantitative analysis to assess yield strategy risks and helping institutional investors manage digital asset allocations. Its current clients include asset management giant Apollo, Coinbase, and stablecoin issuer Circle.

[BlockBeats]

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DeFi asset management and risk analysis company Gauntlet received $125.00 million in financing from Japanese financial giant SBI Holdings.

July 9th, according to Fortune, DeFi asset management and risk analysis firm Gauntlet has completed a $125 million financing round. The round was led by Japanese financial group SBI Holdings as the sole investor. The financing was completed in June this year, with the specific valuation undisclosed.

This is Gauntlet's largest funding round since its founding in 2018, far exceeding its $24 million Series B funding round in 2022 led by Ribbit Capital, which valued the company at $1 billion.

Gauntlet, founded by former Wall Street quantitative trader Tarun Chitra, initially focused on providing stress testing and vulnerability analysis services for DeFi protocols. As the DAO governance model gained prominence, it gradually shifted towards a 'treasury management' business—evaluating yield strategies' risk through quantitative analysis to help institutional investors manage digital asset allocations. Its clients currently include asset management giants Apollo, Coinbase, and stablecoin issuer Circle.

[BlockBeats]

DeFi Asset Management and Risk Analysis Company Gauntlet Secures $125 Million Investment from Japan's Financial Giant SBI Holdings

Gauntlet announced the completion of a $125.00 million funding round, with SBI Holdings as the sole investor.

The project's main business is to provide risk management, asset allocation, and yield treasury strategy risk assessment services for DeFi protocols, with clients including Apollo, Coinbase, and Circle.

[Odaily]

Gauntlet completed a $125.00 million funding round, with SBI Holdings as the sole investor.

DeFi risk management and asset allocation platform Gauntlet has raised $125 million in a Series C round led by Japanese financial group SBI Holdings, significantly surpassing its Series B round in 2022, which raised nearly $24 million at a valuation of approximately $1 billion.

SBI, a Tokyo-listed financial group with a total market capitalization exceeding $10 billion, has invested in multiple crypto companies, including Ripple, Circle, and Morpho.

Gauntlet was founded by former Wall Street quantitative analyst Tarun Chitra. Initially, it provided stress testing and risk analysis for DeFi protocols; in recent years, its business has shifted toward “vault curation,” assessing the risks of various DeFi yield vault strategies. Its current clients include Apollo, Coinbase, and stablecoin issuer Circle.

[ChainCatcher]

Gauntlet, a DeFi risk management giant, raised $125 million from SBI Holdings.

DeFi risk management giant Gauntlet raised $125.00 million from SBI Holdings

According to Fortune magazine, DeFi risk management protocol Gauntlet has raised $125 million in funding, with Japanese financial giant SBI Holdings participating. This round was completed in June and had no other participants; the valuation at the time of financing was not disclosed.

Gauntlet was founded in 2018 as an analytics firm serving protocols in the DeFi space. Between 2023 and 2024, its business shifted toward “treasury management.” It currently employs 40 people, and its existing clients include asset management giant Apollo, cryptocurrency exchange Coinbase, and stablecoin issuer Circle.

In 2022, Gauntlet completed a $24 million Series B funding round led by Ribbit Capital, with a valuation of $1 billion.

[Foresight News]

Gauntlet completes $125 million funding round, with participation from SBI Holdings

On July 9, according to Fortune, Gauntlet—a DeFi asset management and risk analysis company—raised $125 million in funding, exclusively invested by Japanese financial group SBI Holdings. The funding round was completed in June of this year, and the specific valuation was not disclosed. This is Gauntlet’s largest funding round since its founding in 2018, significantly surpassing its $24 million Series B round in 2022, which was led by Ribbit Capital at a $1 billion valuation.

Gauntlet was founded by former Wall Street quantitative trader Tarun Chitra. Initially, it focused on providing stress-testing and vulnerability analysis services for DeFi protocols. As DAO governance models waned, Gauntlet gradually pivoted to “treasury curation”—using quantitative analysis to assess yield strategy risks and helping institutional investors manage digital asset allocations. Its current clients include asset management giant Apollo, Coinbase, and stablecoin issuer Circle.

[TechFlow]

DeFi asset management and risk analysis firm Gauntlet secures $125.00 million in funding from Japanese financial giant SBI Holdings

DeFi风控与资产配置平台Gauntlet从日本金融集团SBI Holdings独家融资1.25亿美元，此次融资远超其2022年近2400万美元、估值约10亿美元的B轮。

SBI作为东京上市、总市值超100亿美元的金融集团，已投资Ripple、Circle、Morpho等多家加密公司。

Gauntlet由前华尔街量化分析师Tarun Chitra创立，最初为DeFi协议提供压力测试和风险分析，近年业务转向“vault curation”，评估各类DeFi收益金库策略风险，现客户包括Apollo、Coinbase及稳定币发行方Circle。

[PANews]

DeFi风险管理巨头Gauntlet从SBI Holdings处融资1.25亿美元

DeFi風控與資產配置平臺Gauntlet從日本金融集團SBI Holdings獨家融資1.25億美元，此次融資遠超其2022年近2400萬美元、估值約10億美元的B輪。

SBI作為東京上市、總市值超100億美元的金融集團，已投資Ripple、Circle、Morpho等多家加密公司。

Gauntlet由前華爾街量化分析師Tarun Chitra創立，最初為DeFi協議提供壓力測試和風險分析，近年業務轉向“vault curation”，評估各類DeFi收益金庫策略風險，現客戶包括Apollo、Coinbase及穩定幣發行方Circle。

[PANews]