June 2025 Recap: USD1 on DWF Liquid Markets, Funding Rounds & Market Leadership

June 2025 was a dynamic month for us at DWF Labs. From strategic partnerships and investment activity to ongoing media engagement and research, we continued our work across multiple areas of the Web3 space. Below is an overview of the key accomplishments of the month.

Strategic Agreement Renewed: DWF Labs and DMCC Accelerate Blockchain Innovation Across MENA

We announced the renewal of its strategic partnership with DMCC, the leading international business district that drives the flow of global trade through Dubai. 

This collaboration reaffirms our commitment to advancing blockchain and Web3 innovation across the Middle East. Since the launch of the partnership, we have actively supported the growth of Dubai’s crypto ecosystem through its global investment network and market infrastructure expertise. 

We have invested seven figures in companies operating out of the DMCC Crypto Centre to date, providing capital and strategic support to founders across multiple verticals within the Web3 space. The renewed agreement focuses on deepening this collaboration by fostering an environment where blockchain startups can access the capital, tools, and mentorship required to scale internationally. 

As Dubai advances its ambition to become a global hub for blockchain and emerging technologies, we remain committed to supporting builders who are contributing to this vision through scalable, compliant, and globally competitive Web3 solutions.

USD1 Stablecoin Listing on DWF Liquid Markets

We began the month by listing USD1 on DWF Liquid Markets. USD1 is a fiat-backed stablecoin issued by World Liberty Financial. Backed by short-term U.S. Treasury bills, cash, and equivalents, USD1 is now available for trading through our Over-The-Counter (OTC) request-for-quote system. 

Partnership with Bitget for USD1 Liquidity

We partnered with Bitget to support market-making for USD1, a fiat-backed stablecoin issued by World Liberty Financial (WLFI). 

As part of this collaboration, we will provide liquidity for USD1 across spot and derivatives markets. This includes tighter spreads, deeper order books, and consistent two-sided quoting.

Highlighting the importance of the partnership, Gracy Chen, CEO of Bitget, emphasized its role in enabling more efficient trading and ensuring liquidity provision aligns with evolving regulatory standards.

Alongside product development, we participated in strategic funding rounds to support the growth of the decentralized infrastructure.

DWF Labs Participates in 21 Million USD Strategic Funding Round for IOST

We joined IOST’s $21 million strategic funding round alongside Presto and Rollman Management Group. The funds will accelerate deployment of that compliant real-world asset (RWA) infrastructure across regulated markets in Asia-Pacific, the Middle East, Europe, and North America. Lingling Jiang, Partner at DWF Labs, noted that IOST’s modular architecture and strong traction in Asia help position it as a leader in the next wave of tokenized finance. 

Strategic Investment in Interactive Strength Incorporated and Fetch.ai

We are proud to have supported this landmark deal by co-leading a $55 million strategic investment in Interactive Strength Inc., alongside ATW Partners. The investment forms part of a broader $500 million facility focused on acquiring FET, the digital asset of Fetch.ai. This transaction is expected to result in TRNR having the largest publicly listed crypto treasury focused on an AI-token. 

Managing Partner at DWF Labs, Andrei Grachev, shared in the press release that “as a global leader in crypto investments and market making, we see enormous potential in TRNR’s treasury strategy and Fetch.ai’s vision, signaling the next wave of corporate capital markets embracing AI-driven digital assets.”

Media Coverage 

This month, we participated in several key conversations about Web3 trends in 2025. Through commentary and authored pieces, we shared our perspective on synthetic dollars and institutional infrastructure, addressing regulatory developments and the rise of crypto-native stablecoins.

The GENIUS Act and the Future Role of Stablecoins

In an article by Cointelegraph, Andrei Grachev, Managing Partner at DWF Labs and Falcon Finance, discussed the implications of the GENIUS Act for U.S. stablecoin regulation. He stated that full congressional approval would make stablecoins “part of US financial infrastructure,” adding that “if issuers start holding large amounts of Treasurys, that changes their role from niche instruments to key players in the economy.” This perspective aligns with our growing engagement with U.S. equity markets. A clear example is our recent investment in Nasdaq-listed Interactive Strength (TRNR), which is building a crypto treasury focused on AI through holdings in FET, the native asset of Fetch.ai. With this investment, we become an official backer of the largest publicly listed AI-token treasury in the United States.

Synthetic Dollars as the Next Phase of Digital Finance

Our team outlined critical shifts in the stablecoin landscape, highlighting both the rise of synthetic dollars and the growing need for transparency in reserve disclosures and auditing standards.

Lingling Jiang, Partner at DWF Labs and Falcon Finance, explored synthetic dollars as a crypto-native evolution of traditional stablecoins, with the potential to enable more flexible, decentralized financial infrastructure. Grachev, in a separate article, emphasized that real-time audits will be essential to mitigate systemic risks as the stablecoin market surpasses $250 billion, rather than relying on delayed quarterly reports.

Together, their insights reflect our conviction that synthetic dollars will play a foundational role in the next phase of digital finance, reshaping how value is created, held, and transferred in Web3. 

Circle’s IPO Sparks Institutional Shift in Stablecoins

InvestingCube also featured commentary from Andrei Grachev on the growing institutional interest in stablecoins, crediting companies like Circle for helping to legitimize the asset class. He explained that the Circle IPO signaled public-market acceptance of stablecoins not as speculative assets, but as “regulated, compliant monetary infrastructure.” Grachev added that treasury teams are now using stablecoins for 24/7 global liquidity with a risk profile suited to traditional treasury functions.

DWF Ventures Research Threads

Our DWF Ventures team remained active in analyzing and sharing insights on emerging developments in the crypto space.

In the emergence of InfoFi thread, the team examined how this new sector addresses information overload using prediction markets, tokenized knowledge, and AI-native mechanisms.

In the article about Binance’s Alpha and Spot listing, they reviewed the conversion rates from Alpha listings to full Binance Spot listings, highlighting the ecosystems with the highest success rates.

In the overview of Pump.fun’s upcoming token sale, the team assessed the project’s revenue model, valuation, and growing influence in the Solana ecosystem.

Last but not least, DWF Ventures explored how public companies are increasingly adopting crypto treasury strategies, with over $40 billion allocated to digital assets in the past year and a total of $76 billion currently held across crypto treasuries.

Conclusion:

June 2025 has been a month full of notable developments for us. From listing USD1 on our DWF Liquid Markets platform and announcing a partnership with Bitget to co-leading major funding rounds. We also renewed our strategic collaboration with DMCC, reinforcing our role in shaping the future of blockchain innovation in the MENA region. In parallel, our team remained active in media, and our Ventures team continued to explore the frontiers of Web3.

Follow us on social media to stay updated as we continue building in this space.