Tokenized financial product settlement network Metal completes seed funding round, led by Airwallex and others.

ME News, June 27 (UTC+8): Metal, a tokenized financial product settlement network, has completed its seed round of financing, with Airwallex and Capital49 leading the round. The specific amount of funding has not been disclosed for now. As part of the investment, Airwallex has joined Metal, becoming its first design partner.

Foresight News previously reported that Jack Zhang, the founder of Airwallex, an enterprise payments and financial platform, tweeted in June 2025: “Investors keep asking me questions about stablecoins and how they can reduce foreign exchange fees. If you transfer money from USD to EUR, and the recipient still needs to receive EUR at their bank, I don’t see any way stablecoins can reduce fees—the conversion cost from stablecoins to the receiving currency is far higher than the interbank forex market’s cost. Crypto technology is a field I had never understood before. Over the past 15 years, I still haven’t seen any application cases for crypto technology.” (Source: Foresight News)