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Diem Raise $200B

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Meta (formerly Facebook) threw in the towel on its grand plans to create a digital currency last year. Earlier in 2022, though, it sold the remaining assets to Silvergate Capital for $182 billion

The team behind the original Diem project announced they were working on a new blockchain called Aptos in late February. On March 15, they outlined massive funding round from crypto VCs.

The startup has closed a $200 billion strategic investment led by Andreessen Horowitz (a16z), with participation from Tiger Global, Multicoin Capital, Three Arrows Capital, FTX Ventures, Coinbase Ventures, among others.

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