.png)
6 days ago
1
The funding combines equity and project financing to connect DeFi capital with real-world electricity infrastructure
Oct 16, 2025, 6:49 p.m.
Daylight, a decentralized energy company, has raised $75 million to expand its blockchain-based power network, the firm announced on X on Thursday.
The round includes $15 million in equity led by Framework Ventures, alongside $60 million in project financing from Turtle Hill Capital, with participation from a16z crypto, M13, EV3 Ventures, Lerer Hippeau, and others.
The funding will accelerate the development of the Daylight Network, which aims to create a decentralized electric grid designed to improve affordability and reliability by connecting capital directly to power generation.
At the core of this system is "DayFi," a DeFi protocol that allows investors to gain exposure to electricity as an asset class — transforming the electron into what the company calls “a new form of digital commodity.”
Daylight said it envisions an energy infrastructure that scales “through community,” allowing users to contribute to — and profit from — a decentralized, onchain power grid.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
BNY Mellon Stays ‘Agile’ on Stablecoin Plans, Focuses on Infrastructure
The bank isn’t committing to launching its own token — yet — but executives say it’s building systems that could support one if needed.
What to know:
- BNY Mellon is exploring stablecoin infrastructure but has not committed to launching its own token.
- The bank accelerated blockchain investments in 2025, citing better market conditions and a more favorable regulatory outlook.
- Executives said BNY will likely support stablecoins behind the scenes rather than issue one, focusing on infrastructure and institutional use cases.
