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Some of crypto’s biggest winners aren’t born onchain. They start in private markets, quietly accumulating capital, traction, and regulatory leverage long before tokens or tickers appear.
While most investors can’t access these rounds directly, paying attention to who is raising and what trends they represent offers a powerful edge. Venture funding often surfaces the builders and businesses that will define crypto’s next cycle, and this most recent raise class appears especially promising, with several candidates already resembling prime IPO plays.
Here are five venture-stage crypto companies with narrative momentum at their backs that are worth tracking in 2026. 👇
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