WSPN, a Singapore-based provider of stablecoin infrastructure, raised $30M in Seed funding.
The round was led by Folius Ventures and Foresight Venture, with participation from investors including Hash Global, Generative Ventures, RedPoint Capital, and a consortium of investment companies, exchanges and foundations.
The company intends to use the fund to expand operations and its development efforts.
Led by CEO and Founder Raymond Yuan, WSPN is a provider of stablecoin infrastructure, committed to building a more secure, and efficient payment solution for the global economy. Their flagship product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure and licensed digital payments for Web3 users.
FinSMEs
19/08/2024