COINOTAG cites a Fortune report that crypto startup Legion has closed a $5 million financing round led by institutional managers VanEck and Brevan Howard Digital, with participation from Kraken and the venture arms of Coinbase and Crypto.com. Legion declined to disclose valuation metrics; the transaction documents indicate the proceeds are allocated to both equity and token warrants.
The deal underscores continued institutional engagement with the cryptocurrency startup sector, reflecting measured capital deployment into digital asset infrastructure and product development. Market participants will likely monitor Legion’s execution against regulatory and operational milestones as the company deploys the newly raised capital.