
PANews|Oct 14, 2025 14:59
[Stablecoin Fintech Company Crown Completes $8.1 Million Seed Round Financing, Led by Framework Ventures]
According to Blockworks, Brazilian stablecoin fintech company Crown announced the completion of an $8.1 million seed round financing, led by Framework Ventures. Valor Capital Group, Coinbase Ventures, Norte Ventures, Paxos, and Nubank co-founder Ed Wible also participated. The new funds will be used to support the company's launch of the stablecoin BRLV, which is pegged to the Brazilian Real (BRL) and fully backed by Brazilian government bonds. Unlike USD-denominated stablecoins such as USDC, BRLV will offer native revenue sharing to institutional partners and allocate a portion of the returns from the held government bonds to institutions.
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