Stablecoin fintech company Crown completes $8.1 million in seed round financing, led by Framework Ventures

Foresight News reported that, according to Blockworks, Brazilian stablecoin financial technology company Crown completed an $8.1 million seed round of financing, led by Framework Ventures, with participation from Valor Capital Group, Coinbase Ventures, Norte Ventures, Paxos, and Nubank co-founder Ed Wible. The new funds will be used to support the company’s launch of stablecoin BRLV, which is pegged to the Brazilian Real (BRL) and fully supported by Brazilian government bonds. BRLV and USDC Unlike USD-denominated stablecoins, it will provide native revenue sharing to institutional partners and allocate a portion of the proceeds from government bonds held to institutions.
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