UK bank Griffin raises $20 million to expand into stablecoin payments

UK bank Griffin raises $20 million to expand into stablecoin payments

The Series B funding round, led by Octagon Partners valued the London-based company at more than $100 million.

Griffin raised $20 million in a Series B round led by Octagon Partners, valuing the company at more than $100 million.

The funding will support stablecoin reserve services and blockchain-based cross-border payments, allowing financial technology companies to access traditional banking and blockchain payment systems through one provider.

Griffin received a full British banking license in 2024 and provides banking infrastructure to more than 80 companies, including Uber and Yonder.

U.K. bank Griffin has raised $20 million to expand into stablecoins as traditional finance-focused companies increasingly look to bridge from conventional banking to blockchain-based payments.

The Series B funding round, led by Octagon Partners with participation from Notion Capital, A+ Ventures, Nordic Ninja and Breega, valued the London-based company at more than $100 million, according to an announcement on Thursday.

Griffin will use the funding to develop reserve services for businesses to incorporate stablecoins and enable onchain cross-border payments on its banking platform.

Fintech companies would therefore be able to access conventional banking services alongside onchain payment rails through a single provider, reflecting demand from some of its existing customers that already use stablecoins as part of their cross-border payments business.

Griffin, which received a full U.K. banking license in 2024, provides banking infrastructure for more than 80 companies, including Uber and reward cards platform Yonder.

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Funding RoundsStablecoinsUK

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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.

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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.

Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.

#### DTCC adds Solana to Wall Street tokenization plans, targeting 2027 rollout #### Jupiter adds Anchorage-backed USDGO to its $1 billion Solana lending platform #### Polymarket trims workforce under investor pressure as Kalshi surges ahead

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