Telcoin has announced that it has successfully raised $25M in a pre-series A round.
The U.S. based digital asset bank will use this new capital to continue powering the new wave of financial services for its clients and be compliant with funding limits under the Nebraska Depository Insurance Charter that it had received earlier this year.
The company currently offers its own wallet, Telcoin Wallet, and services include multi-currency stablecoins live on Polygon network.
On this announcement, Founder and CEO Paul Neuner expressed:
We’re grateful to have such strong partners backing us as we take this next step. With our first-of-its-kind bank and stablecoin, we’re providing real access to bridge the gaps between traditional banking and decentralized finance.
For remittances and cross-border payments, using Telcoin allows for sending cheaper options than traditional providers.
Supporting this, Telcoin is also set to issue both Dollar and Euro stablecoin alternative to increase adoption in the U.S. and European regions, with eUSD set to be issued before the end of 2025 and eEUR undergoing regulatory and compliance preparations for a later launch.
