Business
Bullish
UK bank Griffin raises 20 million dollars for stablecoin services
Image: CointelegraphDigital bank Griffin raised 20 million dollars in a Series B funding round led by Octagon Partners. The deal values the UK company at more than 100 million dollars. Griffin plans to use the capital to support stablecoin reserve services and onchain cross-border payments. The bank currently serves more than 300,000 retail and business customers across over 80 companies.
Key points
- UK digital bank Griffin raised 20 million dollars in a Series B round.
- The funding round valued Griffin at more than 100 million dollars.
- Octagon Partners led the Series B funding round.
- Griffin plans to use the funds to build stablecoin reserve services and onchain cross-border payments.
Why it matters
The funding supports traditional banking infrastructure expanding into stablecoin reserve services and onchain cross-border payments.
Sources · 2 publishers
Crypto Briefing
Tier 2
Griffin raises $20M at a valuation above $100M to build stablecoin services
Coverage timeline
- First reported by Cointelegraph
- Also reported by Crypto Briefing
- CryptoVideos brief published
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