Range raises $8.3 million to bet on synergistic operations between stablecoins and fiat currencies.
SolanaFloor
06-18 17:20
Ai Focus
Range has raised $8.3 million in funding, focusing on unified management of stablecoin and fiat currency operations, against the backdrop of the continued rise in the global adoption of stablecoin payments.
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Stablecoin payments are rapidly entering corporate cash management processes, and infrastructure for the collaborative processing of fiat currency and on-chain assets is also gaining momentum. Range announced the completion of an $8.3 million funding round, with investors including TX Ventures, SixThirty Ventures, Maven 11 Capital, and Onigiri Capital.

The two products cover ledger and risk control.

Range aims to help businesses consolidate funds from bank accounts, digital wallets, custodians, and exchanges into a single operational system. For companies integrating stablecoins, the challenge lies not only in the transfer itself, but also in completing verification, approval, and risk identification before fund transfers.

The company currently promotes two main products. One is UNIFY, which integrates digital assets and traditional bank balances into a unified, real-time ledger. The other is PROTECT, primarily responsible for screening risks, compliance issues, and internal policy violations before transaction execution.

Range argues that traditional financial control systems are mostly designed around fiat currency and struggle to directly cover on-chain transactions. Stablecoin transfers typically complete within seconds and cannot be reversed after execution, making businesses rely more on pre-emptive controls rather than post-transaction reconciliation.

The platform has been integrated with multiple financial channels.

According to the company's disclosure, Range's platform has connected banks, custodians, exchanges, and wallets, and integrates on-chain data into enterprises' existing accounting and compliance tools, rather than replacing existing systems.

  • Currently, the client assets under management that are protected exceed $30 billion.
  • More than 10,000 bank, custodian, and wallet integrations have been established.
  • Covering over 200 blockchains and more than 100 stablecoins

Range also claims its system tracks 99.41% of global stablecoin payment activity and screens hundreds of billions of dollars in payments monthly. Existing clients include Circle, Solana Foundation, Stellar, and Jupiter.

The stablecoin application continues to expand to Solana.

This funding comes against the backdrop of the continued expansion of stablecoin usage. According to Blockworks data cited in the article, the stablecoin supply on the Solana chain has exceeded $16.6 billion, indicating that on-chain payments and funding activities are still growing.

Recently, the use cases for stablecoins within the Solana ecosystem have continued to expand into broader business sectors. The World Series of Poker has partnered with the Solana Foundation to allow the use of SOL for ticket purchases and the distribution of prizes in stablecoins for certain events. Meanwhile, Amazon Web Services (AWS) has also enabled stablecoin payments on Solana through x402, allowing CloudFront issuers to monetize their AI traffic using USDC micropayments.

As businesses process both fiat and stablecoin flows simultaneously, the need for infrastructure around unified ledgers, transaction screening, and compliance controls is rising. Range's latest funding round reflects the growing market interest in such tools that connect traditional finance with on-chain payment systems.

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