Global Settlement Network closes $11M pre-seed and activates $125M in settlement liquidity
Global Settlement Network closed an $11 million pre-seed financing round at a valuation exceeding $100 million, alongside $125 million in committed settlement liquidity. The financing will support the company's development of infrastructure for regulated digital currency issuance, tokenized assets, and cross-border settlement.
Global Settlement Network, a company building next-generation cross-border settlement rails, has closed an $11 million pre-seed financing round. The round was led by Prevail Venture Capital Fund I LP and valued the company at over $100 million. Global Settlement Markets, a subsidiary, has secured over $125 million in liquidity commitments for cross-border settlement operations, including a $100 million gold-backed stablecoin allocation from Ubuntu Group. The financing and liquidity commitments will support the development of institutional-grade infrastructure for digital currency issuance and cross-border settlement. The company is building technology to help regulated institutions move value across borders and settle tokenized assets. The liquidity will support transaction settlement and cross-border payment operations across key international trade corridors.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.