Stablecoin compliance startup Range has successfully raised $8.3 million in an oversubscribed Series A funding round, bringing its total funding to $11 million. The round saw participation from traditional fintech fund TX Ventures, SixThirty, and crypto venture firms Maven 11 Capital and Onigiri Capital. Range offers a unified platform for institutions using both stablecoins and fiat currencies. Its core products include Unify, which integrates bank accounts, custodians, wallets, and exchanges into a real-time ledger system, safeguarding over $30 billion in client assets and connecting more than 10,000 institutions. Another product, Protect, serves as a pre-trade control layer, screening on-chain transactions for sanctions, fraud, compliance, and internal control rules. Range reports tracking approximately 99.41% of stablecoin payments and handling billions in monthly payment volumes. The new funding will be used to expand its product, engineering, and business teams, and to integrate with more networks and systems.
Stablecoin Compliance Startup Range Secures $8.3 Million in Series A Funding
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