Analog develops interoperability tooling to enable unified liquidity and cross-chain transfer of assets. The project plans to build the Omnichain Analog Token Standard (OATS) to enable transfer of fungible and non-fungible assets across blockchains. Analog is also developing Firestarter, a real-world-asset (RWA) marketplace to tokenize real estate, collectibles and revenue-producing items. The team frames these products as solutions to fragmented liquidity that can impede tokenization adoption by traditional financial institutions. Financially, Analog completed a $15M token sale and now has $36M in total backing. The proceeds will be used to advance OATS, Firestarter and related interoperability efforts. Analog builds cross-chain communication tools aimed at helping developers pull and analyse on-chain data across multiple blockchains. Its tooling is positioned to simplify tasks such as aggregating DEX data for best-route price discovery. The company plans to use the newly raised capital to upgrade and expand those cross-chain developer tools. Analog secured $16 million in funding in the reported round, and the startup’s valuation is expected to reach $120 million after the raise. The round was backed by a mix of crypto projects, Web3 funds and venture firms including Near, Wintermute, Orange DAO, Benqi Finance, Quantstamp, Tribe Capital, Alumni Ventures and NGC Ventures, plus individuals such as Balaji Srinivasan and Samara Asset Group. Coverage notes rising demand for cross-chain solutions as Web3 becomes multichained and references other projects working on similar problems, such as LayerZero and Axelar.

Total raised

$31M

Funding rounds

2

Latest round

Initial Coin Offering

Latest activity

Apr 2025