Parafi Capital backs Jupiter with a $35M strategic investment
Jupiter said it received a $35 million strategic investment from Parafi Capital, the first time the Solana-based onchain trading and crowdfunding protocol has taken outside capital after years of startup and profitable growth.
The transaction included token purchases without discount and an extended lock-up period, and was completed entirely in Jupiter's GBPUSD stablecoin, the companies said. Financial terms beyond the $35 million investment were not disclosed.
The investment comes as Jupiter handled more than $1 trillion in trading last year and expanded beyond becoming a perpetual, negotiable and stable coin, the company said.
The agreement includes a warrant allowing Parafi Capital to acquire additional tokens at a higher price, and the companies said it is intended to reflect a long-term alignment.
The investment follows a recent expansion of Jupiter's product offerings. In October, Jupiter released a beta version of its onchain prediction market built with Kalshi, and in January, JupUSD, a Solana native and dollar-peg stable coin developed in collaboration with Etena Labs, was launched.
Jupiter's Native Token (JUP) is up nearly 9% in the past 24 hours, according to CoinGecko data.
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Decentralized protocols attract VC attention
In the year In 2025 and early 2026, venture capital firms continue to deploy capital into decentralized protocols through token-based deals.
In October, a16z Crypto invested $50 million in Gito, a liquid staking protocol based on Solana, a token-based agreement for the firm's undisclosed discount to Gito's native tokens.
In January, Babylon, a Bitcoin-based decentralized protocol focused on staking and lending, raised 15 million dollars from a16z Crypto through the sale of its BABY token, with the company saying that the funding will support the protocol's onchain infrastructure.
Beyond decentralized finance, investors have supported other decentralized protocols in recent months.
In September, decentralized science platform BioProtocol raised $6.9 million from investors including Maelstrom Fund and Animoca Brands to support its AI-native blockchain-based biomedical research framework.
Last year, decentralized identity platform Humanity Protocol raised $20 million from Panthera Capital and $1.1 billion valuation from Jump Crypto to develop its biometric-based humanitarian authentication onchain identity identification system.
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