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Range completes $8.3 million Series A funding, with participation from TX Ventures and others
BlockBeats News, June 18 — Stablecoin and fiat currency financial infrastructure platform Range has completed a $8.3 million Series A funding round, bringing total funding to $11 million. The round was oversubscribed, with investors including traditional fintech fund TX Ventures, SixThirty, as well as crypto-native funds Maven 11 Capital and Onigiri Capital.
Range states that its platform is aimed at enterprises operating with both stablecoin and fiat channels, with products including UNIFY and PROTECT. UNIFY is used to consolidate various sources of funds such as digital assets and bank balances into a unified record system; PROTECT screens transactions for risk, compliance, and business policy before fund transfers.
Range claims that its platform currently safeguards over $30 billion in customer assets, with over 10,000 bank, custody, and wallet integrations, monitoring more than 200 networks and over 100 stablecoins in real-time, tracking 99.41% of stablecoin payments, and screening hundreds of billions of dollars in payments monthly. Its clients include Circle, Solana Foundation, Stellar, Squads, and Jupiter.