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Industry

Lam Research launches Korea-only semiconductor unicorn fund

Lam Research will launch a Korea-only semiconductor venture investment fund and announced the plan on Oct. 8. The Lam Research-Hana Semiconductor Unicorn Fund was jointly established by Hana Ventures and Lam Capital, Lam Research\'s corporate venture investment organisation. The company said the fund aims to find and invest in domestic startups and new-technology companies with growth potential and help them expand. It will focus on manufacturing AI, robotics, advanced packaging and new materials.

Crypto

Visa, Circle and Ripple back Velocity as valuation hits $200 million

UK stablecoin payments and treasury platform Velocity raised $10 million in additional Series A funding, taking total Series A proceeds to $48 million and valuing the company at $200 million. The round included Visa Ventures, Circle Ventures, Ripple, Hawn Ventures, Translink Capital and Mirana Ventures. Velocity said the funds will be used to expand infrastructure for issuers, merchant acquirers, payment firms, financial institutions and retailers worldwide.

Crypto

Velocity raises $38 million in Series A to expand enterprise stablecoin infrastructure

Velocity raised $38 million to expand infrastructure that supports stablecoin-based cross-border settlement and treasury operations for companies and financial institutions. The Series A round was led by Dragonfly and FirstMark, with participation from Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures and Ripple. Velocity plans to use the funds to expand banking and payment networks, develop new products and strengthen regulatory response capabilities.