The global stablecoin payment infrastructure platform WasabiCard announced today that it has completed its Pre-A round of financing. Including previous funding, the total amount raised by the company has approached 10 million US dollars, with participation from four renowned institutions: Vernal Capital, Avenir Group, Vision Plus Capital, and 01VC. The current round of financing will mainly be used to further expand WasabiCard's global payment infrastructure, enhance stablecoin-based card issuance and global payment capabilities, accelerate the expansion of enterprise clients in international markets, and continue to invest in product development and the establishment of a global compliance system.

As stablecoins gradually extend from cryptocurrency trading scenarios to real financial application scenarios, the demand from enterprises for global payments, fund management, and large-scale fund distribution continues to grow. WasabiCard is committed to building an infrastructure network that connects digital assets with real commercial payment scenarios, promoting the practical application of stablecoins in the global payment system.

WasabiCard provides integrated payment solutions covering global card issuance, global payments, stablecoin payments, and multi-currency settlements for enterprises and platforms, supporting various application scenarios such as global payroll distribution, advertising payment, AI and SaaS subscription payments, and embedded finance.

By combining the blockchain settlement network with enterprise-level payment infrastructure, WasabiCard helps businesses complete global fund flows with higher efficiency, greater flexibility, and more convenience, reducing the complexity of fund management in cross-border payments and international business operations. Since its establishment, WasabiCard has continuously expanded its global payment network and enterprise client base. The platform currently serves over 500 enterprise clients, with a cumulative card issuance of over 500,000 and a cumulative transaction volume exceeding 1 billion US dollars.

Ray Yang, co-founder of WasabiCard, stated: "With the promotion of stablecoins and programmable finance, global payment infrastructure is entering a new round of transformation. We believe that the future payment system will be more globalized, real-time, and native to the internet. This round of financing will help us continuously improve our underlying infrastructure capabilities and build a more efficient global value transfer network for enterprises."

Following the completion of the financing, WasabiCard plans to further upgrade its enterprise payment product system, including enhancing global card issuance capabilities, optimizing global payment efficiency, strengthening multi-chain asset access capabilities, and building a new generation of payment infrastructure that supports AI Agent Payment and programmable payment workflows, providing more comprehensive global payment solutions for enterprises and Web3 platforms.

At the same time, WasabiCard is continuously expanding its multi-chain payment infrastructure capabilities. Currently, the company has completed integration with blockchain ecosystems such as Avalanche, Arbitrum, and BNB Chain, and has recently joined the Circle Alliance Program, further promoting the application and popularity of stablecoin payments globally.

Jacob Zhong, head of strategic investments and collaborations at Avenir Group, commented: "The integration of stablecoins, global payments, and enterprise financial infrastructure is bringing significant market opportunities. WasabiCard has demonstrated excellent execution capabilities in building payment infrastructure that connects digital assets with real business scenarios. We believe the company has a solid foundation to seize the next phase of global payment innovation opportunities."

As more enterprises begin to adopt blockchain-based payment settlement technologies for payments, fund management, and international fund distribution, the global market's demand for compliant and scalable payment infrastructure continues to grow.

Du Jun, founder of Vernal Capital, stated: "Stablecoins are rapidly evolving from crypto-native assets to an important infrastructure for global value transfer. We believe that the next generation of financial infrastructure will be more internet-native, more programmable, and achieve higher levels of global interoperability."

This round of financing also comes at an important stage of rapid growth in demand for global stablecoin payment infrastructure. As enterprises continuously explore the application of blockchain technology in payment settlement, fund management, and cross-border fund flows, infrastructure platforms that can effectively connect digital assets with compliance payment capabilities are becoming increasingly important.

In the future, WasabiCard will continue to increase its investment in building global payment infrastructure, enterprise-level payment orchestration capabilities, and next-generation financial products aimed at internet-native business scenarios, further promoting the development and innovation of the global payment network.

About WasabiCard

WasabiCard is a global payment infrastructure platform that provides card issuance, global payment, and cross-border payment capabilities for enterprises, fintech companies, and internet-native businesses through stablecoin-driven financial infrastructure. The platform supports global card issuance, multi-currency settlements, stablecoin deposits, and embedded payment capabilities, designed for modern global business scenarios. WasabiCard extensively serves payment scenarios such as advertising, SaaS subscriptions, global payroll distribution, fund management, and digital finance applications.

About Vernal Capital

Vernal Capital is an investment and incubation platform headquartered in Singapore, focused on artificial intelligence, blockchain, and next-generation digital infrastructure. By combining venture capital, corporate incubation, and strategic acquisitions, Vernal Capital collaborates with visionary entrepreneurs and management teams to accelerate the deployment of innovative technologies and drive transformative companies to scale. With deep experience in traditional industries, digital assets, compliance technology, and emerging technologies, Vernal Capital is committed to connecting the Web2 and Web3 worlds, helping businesses achieve sustainable growth in complex regulatory environments.

Adhering to a long-term investment philosophy, Vernal Capital continuously supports innovative technologies that create long-term value, working hand in hand with entrepreneurs who possess integrity and vision to build excellent companies that have a positive impact on enterprises, society, and the future.

About Avenir Group

Avenir Group is an innovative investment group committed to driving the deep integration of traditional finance and digital assets. Through investments, incubation, and operational synergy, it builds leading financial ecosystems and infrastructure networks. The group focuses on areas such as digital assets, trading and financial service platforms, PayFi infrastructure, and real-world assets (RWA). As the largest institutional holder of Bitcoin ETFs in Asia, Avenir Group is in a leading position in the regional market.

With mature financial expertise and industry-leading resource integration advantages, Avenir Group continuously promotes the development of global capital flows and strategic collaborations, aiming to become an important bridge connecting traditional finance and the digital economy.

Disclaimer

The content of this article is for reference only and does not constitute any legal, tax, investment, or other professional advice provided by WasabiCard, nor should it be considered a substitute for relevant professional opinions. WasabiCard makes no express or implied representations, guarantees, or commitments regarding the accuracy, completeness, or timeliness of the content of this article.

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