InfStones Valuation, Funding & Investors

PT Indokripto Koin Semesta Tbk is a holding company that invests in Subsidiaries engaged in the Futures Exchange and Crypto Asset Exchange. In addition, the Company also provides management consulting services to Subsidiaries such as business planning, business and investment strategies, company operational management and corporate financial consulting.

Waves Platform is a Singapore-headquartered blockchain network launched in 2016 that enables token issuance, decentralized exchanges, and smart contracts through its WAVES native token. The platform supports custom asset creation without coding via its visual token builder and hosts the Waves DEX for trading over 100 tokens. It powers DeFi applications like Gravity Protocol and Neutrino stablecoin, with nodes operating globally.

Zora operates an Ethereum-based protocol and marketplace for minting and trading non-fungible tokens representing digital art, music, videos, and collectibles. Creators set programmable royalties on secondary sales, while collectors access auctions, fixed-price listings, and collaborative ownership models. The platform integrates with major wallets and supports gasless minting through ZORA token. Zora powers NFT drops for artists like Tezos and music labels such as UnitedMasters. Headquartered in Los Angeles, California, the company launched its protocol in 2021 after initial development in 2020.

Elliptic is a London-headquartered provider of blockchain analytics and cryptocurrency compliance software. Its platform monitors transactions across Bitcoin, Ethereum, and 100-plus chains for illicit activity, offering wallet screening, risk scoring, and investigation tools to exchanges, banks, and regulators. Clients include Coinbase and major financial institutions worldwide.

Musicow is a Seoul-based marketplace for trading fractional copyrights in K-Pop songs. Investors buy and sell stakes via public auctions or fixed-price listings, with royalties distributed proportionally. The platform verifies ownership through blockchain and partners with Korean labels for catalog access. Launched in 2021, Musicow democratizes funding for idol groups and producers in the $10 billion K-Pop sector.

Rhino Bitcoin Inc is a Nevada corporation and Bitcoin financial services company focused on making everyday banking and financial management accessible. It integrates traditional banking functions within a secure, user-friendly platform centered on Bitcoin and maintains an active Bitcoin treasury strategy. The Company offers account funding and withdrawal in USD and Bitcoin, Bitcoin trading, custody services, remittances, discounted gift card purchasing, retirement accounts, Bitcoin collateralized loans, bill payments, and direct deposit. Its primary revenue comes from trading activities earning a spread on client exchanges between Bitcoin and U.S. dollars, and it operates in the United States, Malaysia, and Hong Kong.

Thetanuts Finance is a DeFi protocol offering structured products and customizable vaults for yield generation on volatile assets. It provides treasury management solutions for DAOs and retail traders, simplifying options trading through automated strategies that monetize volatility with risk controls. Built on Ethereum, the platform supports token deposits for optimized returns via covered calls and other derivatives.

ether.fi is an Ethereum-based liquid restaking protocol built on EigenLayer that lets users restake ETH and earn rewards while retaining noncustodial control of their assets, receiving the tradable eETH token in exchange for maintaining liquidity. It differentiates itself by supporting redemptions alongside deposits, rather than the one-way lock-ups common among other restaking protocols. The protocol launched its platform in March 2023 and has since grown to hold billions of dollars in total value locked.

Doodles is a Miami-based Web3 NFT project launched in 2021 on Ethereum, featuring 10,000 pixel-art characters with traits like hoodies, glasses, and backgrounds. The collection integrates with its official app for staking DOOD tokens and accessing metaverse experiences. Partnerships include Pharrell Williams for music drops and Adidas for apparel collaborations. Doodles operates a Discord community exceeding 100,000 members and media arm Doodles Studios.

Scalar is a developer of distributed ledger technology software for secure, scalable blockchain applications. The company provides open-source protocols and enterprise-grade tools for building decentralized networks, with features like sharding for high-throughput transactions. Scalar supports developers in finance, supply chain, and identity management sectors through SDKs and node software deployable on-premises or in the cloud.

Rilla is a decentralized network redesigning content monetization by granting creators equity in protocol revenue. The platform leverages community-driven curation and token incentives to distribute value from audience engagement directly to participants. Built on blockchain, Rilla facilitates ownership stakes for users contributing bandwidth and content discovery, targeting social media influencers and digital artists. Its Web3 infrastructure supports scalable fan economies across global creator communities.

Ledn is a financial services provider building products for digital asset savings and lending. The Toronto-headquartered firm offers bitcoin-backed loans allowing dollar access without selling holdings, B2X loans to increase bitcoin exposure, and interest-bearing savings accounts for bitcoin and USDC. Founded in 2018, Ledn emphasizes transparent, collateralized finance at ledn.io.

Celo is an open blockchain platform designed for fast, secure digital payments to mobile phone numbers. Its ecosystem includes the Celo blockchain, the CELO token, and the cUSD stablecoin, along with a mobile wallet that lets users send peer-to-peer transfers using phone numbers, with early adoption in markets such as Kenya, Tanzania, and Argentina. The platform has since expanded beyond payments to support trading, lending, borrowing, and saving applications built by third-party developers.

Nansen is a Singapore-headquartered blockchain analytics platform that labels over 300 million wallets to provide on-chain insights for cryptocurrencies including Ethereum and Solana. Crypto funds and investors rely on its real-time dashboards, smart money alerts, and portfolio tracking tools to identify trends and perform due diligence across 20 blockchains.

BitGo Holdings Inc provides various offerings to its clients including multi-signature blockchain wallet solutions allowing for secure storage, trade settlement, staking solutions, and lending of digital assets. The Company also provides professional services to develop smart contracts. Its clients range from crypto-native companies that use its self-custody wallet technology to traditional financial services firms that leverage its licensed custody, staking and trading capabilities within their own products and services.

HashKey Holdings Ltd is an investment holding company, principally engaged in digital asset exchange custody, asset management, and related blockchain infrastructure services. The Group's business includes licensed digital asset trading platforms, brokerage services, custody solutions, asset management products, and technology services provided to institutional and professional clients. The company's business segments are: Transaction facilitation services, On-chain services, and Asset management services. It derived the majority of revenue from the Transaction facilitation services segment, covering digital asset exchange services, brokerage services, and custody services. Geographically, it derived the maximum revenue from Hong Kong.