Based Secures Strategic Round Financing on September 8, 2025
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According to industry sources, Based completed a Strategic round of financing on September 8, 2025, with Ethena as the lead investor.Based is an innovative cryptocurrency payment solution project, offering two core products: a smart wallet and a non-custodial crypto debit card. The Based wallet provides users with a one-click transaction experience, supports batch signing, and allows users to pay gas fees with their preferred tokens. Additionally, the Based platform enables instant token transfers between friends. Notably, the non-custodial debit card allows users to make payments directly from their wallets without the need to pre-fund accounts, significantly enhancing user experience and fund flexibility.Amid rapid developments in the crypto payments sector, Based’s solution effectively addresses both convenience and security challenges in cryptocurrency payments. Leveraging an innovative technical architecture, the project delivers a simpler and more secure crypto payment experience, with the potential to drive large-scale adoption of crypto payments. This financing round will help Based further enhance product functionality, expand market share, and provide higher quality services to its users.
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BASED Fundraising History
| Round | Amount | Valuation | Time | Investor(s) |
|---|---|---|---|---|
| Strategic | -- | -- | 2025-09-07 | Ethena |
Key Milestones
- 2025-09-08Based has completed a strategic financing round.
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