Jupiter, a global onchain finance platform that has processed more than $3 trillion in lifetime trading volume, has secured a $35 million strategic investment from New York–based ParaFi Capital, a $2 billion asset management firm focused on the digital asset ecosystem.
Over the past year alone, Jupiter processed more than $1 trillion in trading volume, evolving from a limited set of trading tools into a fully integrated onchain financial platform. Today, Jupiter offers a broad suite of products spanning swaps, perpetuals, prediction markets, stablecoins, lending, and portfolio management—enabling users to trade, earn yield, and manage assets within a single application.
The investment strengthens Jupiter’s momentum into 2026 and supports its ambition to deepen institutional participation in onchain finance. Founded in 2018, ParaFi Capital has backed several category-defining DeFi protocols and has been an active bridge between traditional finance and decentralised markets.
“With Jupiter, we found a partner with a track record in product development throughout onchain finance,” said Ben Forman, Founder and Managing Partner at ParaFi Capital. “We see further onchain adoption as the future of finance, and we believe the Jupiter team can execute with speed and experience to deepen their market penetration.”
“We share a long-term vision with ParaFi on the timing and potential of onchain finance,” said Xiao-Xiao Zhu, President of Jupiter. “They’ve been building the bridge between traditional finance and onchain markets since 2018. That connectivity will play a large role in accelerating everything we’re doing at Jupiter.”
Long-Term Alignment Through Structured Investment
As part of the transaction, ParaFi purchased Jupiter tokens at market prices without a discount, agreed to an extended lockup period, and received warrants to acquire additional tokens at materially higher prices—highlighting long-term alignment with Jupiter’s growth.
The transaction was settled entirely in JupUSD, Jupiter’s native stablecoin, signalling institutional confidence in its stablecoin infrastructure and its readiness for large-scale capital flows.
“This partnership isn’t really about the capital,” said Kash Dhanda, COO of Jupiter. “What mattered most was finding a partner with deep credibility who could catalyse our growth as we build the next stage of onchain finance.”
Notably, Jupiter has been bootstrapped and profitable since inception and has never previously taken external funding, making the ParaFi investment a historic first for the company.
“We are seeing a rapid convergence between DeFi and traditional capital markets,” said Anjan Vinod, Managing Director at ParaFi Capital. “We’re excited to bring our almost eight-year operating history to support Jupiter as it deepens its core DeFi stack while expanding into new products across tokenization, payments, and asset management.”
Major Product Expansion Unveiled at CatLumpurr
At its recent CatLumpurr conference in Kuala Lumpur, held from 31 January to 2 February, Jupiter announced more than 40 major product launches and upgrades, significantly expanding both its product suite and total addressable market.
Key announcements included:
- Jupiter Lend: Now the fastest-growing protocol in Solana’s history, reaching $1 billion in total supply just eight days after public launch, with initiatives underway to unlock billions in institutional capital.
- JupUSD: An onchain-native stablecoin designed to share underlying economics with the ecosystem and challenge traditional stablecoin models.
- JupNet: An omnichain network aiming to aggregate crypto activity into a unified decentralised ledger, enabling seamless cross-chain swaps, deposits, and trading.
- Jupiter Global: A real-world payments offering featuring the Jupiter Card, Global Send with USD SWIFT transfers to over 200 countries, local payouts in more than 15 currencies, and zero-fee QR payments across APAC, available via the Jupiter mobile app.
- Prediction Markets: Integration with Polymarket, making Jupiter the first and only Polymarket venue on Solana and the first Solana partner for Kalshi.
- Jupiter Offerbook: A permissionless money market enabling time-based, peer-to-peer loans using any onchain asset, including real-world assets, without price-based liquidations.
Through its superapp approach, Jupiter aims to make onchain finance accessible to billions of users—from retail participants to global institutions—via a single trusted interface across web, mobile, and API surfaces.
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