# Franklin Templeton's Web3 & Crypto Investments: 15 Startups in Its Portfolio (2026) > The 15 Web3 & Crypto startups Franklin Templeton has backed, by stage: $1.4B raised between them. From the rounds we track; updated nightly. Source: https://millionrounds.com/portfolio-maps/franklin-templeton-web3-crypto-portfolio (Millionrounds; every figure on the page links to its filing or article) ## Pre-seed and seed 6 - [Coherent](https://millionrounds.com/company/coherent) - [Alongside](https://millionrounds.com/company/alongside) - [Lombard](https://millionrounds.com/company/lombard) - [SatLayer](https://millionrounds.com/company/satlayer) - [Utexo](https://millionrounds.com/company/utexo) - [Xverse](https://millionrounds.com/company/xverse) ## Stage not reported 6 - [Axoni](https://millionrounds.com/company/axoni) - [*E* Ethena](https://millionrounds.com/company/ethena) - [Spectral](https://millionrounds.com/company/spectral) - [Azra Games](https://millionrounds.com/company/azra-games) - [EthosX](https://millionrounds.com/company/ethosx) - [End-Labs](https://millionrounds.com/company/end-labs) ## Series A 3 - [Tempus](https://millionrounds.com/company/tempus) - [*B* Based](https://millionrounds.com/company/based) - [Bitlayer](https://millionrounds.com/company/bitlayer) ## Segment by segment ### Pre-seed and seed 6 startups · $134M raised - [**Coherent**](https://millionrounds.com/company/coherent) Coherent is a global Software-as-a-Service (SaaS) company that specializes in transforming complex spreadsheet logic from Microsof United States $80M - [**Alongside**](https://millionrounds.com/company/alongside) Alongside is a Canada-based HR software that provides solutions such as candidate sourcing, management and collaboration for businesses. United States $23M - [**Lombard**](https://millionrounds.com/company/lombard) Bitcoin represents over 50% of the cryptocurrency market. Australia $11M - [**SatLayer**](https://millionrounds.com/company/satlayer) SatLayer is the leading restaking platform unlocking Bitcoin's full potential for capital efficiency, liquidity, and shared security. Singapore $8.0M - [**Utexo**](https://millionrounds.com/company/utexo) Utexo is a Bitcoin-native stablecoin settlement infrastructure company that enables native USDT transfers on Bitcoin. United States $7.5M - [**Xverse**](https://millionrounds.com/company/xverse) Xverse is a South Korea-based metaverse platform that allows individuals to play, create, share and earn with their digital assets. Hong Kong SAR China $5.0M ### Stage not reported 6 startups · $181M raised - [**Axoni**](https://millionrounds.com/company/axoni) Axoni is a New York-based technology firm that specializes in blockchain and distributed ledger technology (DLT) solutions for glo United States $76M - [*E* **Ethena**](https://millionrounds.com/company/ethena) Portugal $60M - [**Spectral**](https://millionrounds.com/company/spectral) Spectral is an Israeli startup and key innovator in developer-first security tools designed by developers for developers. United States $23M - [**Azra Games**](https://millionrounds.com/company/azra-games) Azra Games is a video game development studio based in Sacramento, California, founded in 2022 by Mark Otero, Sonny Mayugba, and T United States $19M - [**EthosX**](https://millionrounds.com/company/ethosx) EthosX is a blockchain-based DeFi platform that provides end-to-end financial derivatives. - $1.8M - [**End-Labs**](https://millionrounds.com/company/end-labs) END-Labs is a blockchain development studio developing Web3 lending infrastructure. United States $1.5M ### Series A 3 startups · $1.1B raised - [**Tempus**](https://millionrounds.com/company/tempus) Cayman Islands $1.0B - [*B* **Based**](https://millionrounds.com/company/based) United States $15M - [**Bitlayer**](https://millionrounds.com/company/bitlayer) Bitlayer is a technology company based in Singapore, founded in October 2023 by Charlie Hu and Kevin He. Singapore $9.0M **How this map is made.** Every startup here works in Web3 & Crypto and has raised money in a round we track that names Franklin Templeton as an investor. Each sits under the stage of its latest round. Rebuilt nightly; updated 15 November 2026. ## More portfolio maps [All portfolios](https://millionrounds.com/portfolio-maps) [Sector portfolio **Franklin Templeton's AI portfolio** 27 startups · $49B](https://millionrounds.com/portfolio-maps/franklin-templeton-ai-portfolio)[Sector portfolio **Franklin Templeton's Fintech portfolio** 20 startups · $7.0B](https://millionrounds.com/portfolio-maps/franklin-templeton-fintech-portfolio)[Sector portfolio **Franklin Templeton's Biotech portfolio** 11 startups · $3.8B](https://millionrounds.com/portfolio-maps/franklin-templeton-biotech-portfolio)[Co-investors **Who invests with Franklin Templeton** 140 co-investors](https://millionrounds.com/portfolio-maps/franklin-templeton-co-investors)[Portfolio map **Franklin Templeton portfolio map** 107 startups · $102B](https://millionrounds.com/portfolio-maps/franklin-templeton-portfolio-map)[Sector portfolio **RA Capital Management's Biotech portfolio** 197 startups · $38B](https://millionrounds.com/portfolio-maps/ra-capital-management-biotech-portfolio) ## Raising from investors like Franklin Templeton? Find the investors who back startups like yours, with their cheques, rounds and partners, in the app with filters, lists and exports. [Find investors](https://millionrounds.com/login?join=1&next=/app/investors)[Market maps](https://millionrounds.com/market-maps)