Range Completes $8.3 Million Series A Funding Round, with Participation from TX Ventures

BlockBeats News, June 18th, the stablecoin and fiat financial infrastructure platform Range completed an $8.3 million Series A funding round, with a total funding of $11 million. The round was oversubscribed, with investors including traditional fintech funds TX Ventures and SixThirty, as well as crypto-native funds Maven 11 Capital and Onigiri Capital.

Range stated that its platform is designed for enterprises that operate with both stablecoin and fiat channels, with products including UNIFY and PROTECT. UNIFY is used to integrate various sources of funds such as digital assets and bank balances into a unified record system; PROTECT conducts risk, compliance, and business policy checks on transactions before fund transfer.

Range claimed that its platform currently safeguards over $30 billion in client assets, with integration with over 10,000 banks, custodians, and wallets, real-time monitoring of over 200 networks and 100+ stablecoins, tracking 99.41% of stablecoin transactions, and screening billions of dollars in payments monthly. Its clients include Circle, Solana Foundation, Stellar, Squads, and Jupiter, among others.