U.S.-based fintech CFX Labs raised $9.5 million to expand globally its tokenized cash payment
network that uses the @solana network for remittances.
Solana-Based Stablecoin Remittances Get a Boost with CFX Labs’ Fresh $9.5M Fundraise to Expand Globally
Remittances are one of the most compelling use cases for stablecoins, offering fast, non-stop settlements and cheap transactions using blockchains as payment rail.
The fundraising was oversubscribed, the firm said in a press release, with Shima Capital, Decasonic, Antalpha, CMT Digital, Corazon Capital, Kraken Ventures, New Form Capital and Illinois-based Metropolitan Capital Bank & Trust participating.
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