Range Secures $8.3M to Enhance Stablecoin Risk Controls
- Range closed an oversubscribed $8.3 million Series A on June 18, bringing total funding to $11 million.
- The platform screens tens of billions monthly and protects $30 billion in assets across over 200 networks.
- Funds will expand UNIFY and PROTECT products, adding engineering and go-to-market staff.
- Investors include TX Ventures, SixThirty, Maven 11 Capital, and Onigiri Capital.
- Range tracks over 100 stablecoins in real time, monitoring more than 99% of all stablecoin payments.
Range’s recent funding round highlights a shift as traditional fintech investors join crypto-native funds to back stablecoin infrastructure. The company’s products aim to bridge the gap between traditional finance tools and the fast-paced nature of stablecoins by offering real-time visibility and compliance controls.
With its latest funding, Range is set to enhance its offerings for better control over stablecoin transactions, ensuring safety and compliance for institutions using both fiat and onchain systems (Source)
