Stablecoin [Photo: Reve AI]

Range, a stablecoin startup headquartered in Zug, Switzerland, raised $8.3 million in a Series A round.

The Block recently reported that Range's total funding increased to $11 million.

The round included fintech funds such as Switzerland's TX Ventures and U.S.-based SixThirty, as well as crypto-native investors including Maven 11 Capital and Onigiri Capital.

Range provides an integrated platform for companies that handle stablecoins and fiat currencies together.

It supplies two core products: Unify, a real-time record system that connects bank accounts, custodians, wallets and exchanges on a single ledger, and Protect, a control layer that pre-screens on-chain transactions to filter for sanctions, fraud, compliance issues and internal policy violations.

It counts Circle, the Solana Foundation, Stellar, Squads and Jupiter among its customers.

Range CEO Andres Monteoliva (안드레스 몬테올리바) said stablecoins and fiat currencies are converging. He said finance teams need a single platform to run both safely and at scale. The difficult part was not moving stablecoins but controlling them, he said. That means seeing all balances in real time, checking transactions before they happen and maintaining audit readiness across both payment rails, he added.

Keyword

#Range #TX Ventures #SixThirty #Maven 11 Capital #Circle
Copyright © DigitalToday. All rights reserved. Unauthorized reproduction and redistribution are prohibited.