August 16, 2024
WSPN (Worldwide Stablecoin Payment Network), a prominent provider of advanced stablecoin infrastructure, has secured US$30 million in Seed funding. This funding round was spearheaded by Folius Ventures and Foresight Venture, with significant contributions from notable investors such as Hash Global, Generative Ventures, RedPoint Capital, and a group of leading investment firms, exchanges, and foundations.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
WSPN | $30M | August 16, 2024 | Seed Round | Folius Ventures, Foresight Venture | Payments |
WSPN sets itself apart with a team of experienced professionals from industry giants like CTH, Paxos, and Visa (NYSE: V), bringing together decades of expertise in payments and stablecoin operations. Additionally, WSPN has received backing from over 30 exchanges, more than 10 major wallets, and numerous prominent payment institutions and market makers. This strong support base allows WSPN to confidently develop a truly global digital payment network.
WSPN aims to create a more secure, efficient, and transparent payment solution by working towards a global framework and a new digital payment ecosystem. The company is dedicated to delivering an exceptional stablecoin experience through its innovative “Stablecoin 2.0” approach.
About WSPN
WSPN (Worldwide Stablecoin Payment Network) is a global digital payment company that leverages blockchain technology to facilitate seamless real-life payment scenarios. Their flagship product, WUSD, is a fiat-collateralized stablecoin pegged to the US Dollar, ensuring stability, transparency, and efficiency in transactions. WSPN aims to create a secure, efficient, and transparent digital payment ecosystem, supported by a robust network of over 30 exchanges, more than 10 major wallets, and numerous payment institutions and market makers. The company is dedicated to advancing digital payments and financial inclusion through its innovative "Stablecoin 2.0" approach.
Website: https://www.wspn.io/
About Investor
This funding round was spearheaded by Folius Ventures and Foresight Venture, with significant contributions from notable investors such as Hash Global, Generative Ventures, RedPoint Capital, and a group of leading investment firms, exchanges, and foundations.
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