Fintech firm Crown raises $8.1 million to issue BRLV, a Brazilian real-pegged stablecoin
JH Kim
Summary
- Fintech firm Crown said it has raised $8.1 million in seed funding to launch BRLV, a Brazilian real-pegged stablecoin.
- The investment round was led by Framework Ventures, with Valor Capital Group, Coinbase Ventures, Paxos, and Nubank participating.
- The funds raised for Crown's BRLV stablecoin launch could affect the expansion of the digital asset market in Brazil.
According to crypto-focused media Blockworks on the 14th (local time), São Paulo-based fintech company Crown has raised $8.1 million in seed funding to launch BRLV, a Brazilian real-pegged stablecoin. The investment round was led by Framework Ventures, with Valor Capital Group, Coinbase Ventures, Paxos, and Nubank participating.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
