On September 8, 2022, Mysten Labs, Inc. closed the transaction. The round of funding led by new investor FTX Ventures. The transaction included participation from returning investors, a16z crypto, a fund managed by Andreessen Horowitz LLC, Coinbase Ventures, Lightspeed Ventures, LLC, also included participation from Jump Crypto, Apollo Global Management, Inc., Binance Labs, Franklin Templeton Investments Corp., Circle Ventures, Sino Global Capital, Dentsu Ventures, Greenoaks Capital Partners LLC, O'Leary Ventures, among other investment funds and strategic partners.

The transaction was raised at post-money valuation of more than $2,000,000,000.