Transak Secures $20 Million in Funding to Expand Stablecoin Infrastructure

2025-08-12 15:27

Newsroom

How will Transak's $16M funding from Tether change the global stablecoin payments landscape?

Why did Tether invest in Transak's vision for stablecoin-based global transactions?

What advancements in the stablecoin infrastructure does Transak aim to achieve with its recent funding?

Transak Secures $20 Million in Funding to Expand Stablecoin Infrastructure — Image source: Unblock Media

Crypto payments firm Transak raised $20 million in a strategic funding round.
CE Innovation Capital and UOB Venture Management co-led the investment to advance global stablecoin adoption.

On August 12, 2025, The Block reported that crypto payments provider Transak raised $20 million in a strategic funding round co-led by CE Innovation Capital and UOB Venture Management. Transak will use the funds to develop its on- and off-ramp solutions and focus on emerging markets like the Asia-Pacific region.

Transak plays a pivotal role in the stablecoin ecosystem by enabling seamless fiat-to-crypto and crypto-to-fiat conversions through its infrastructure. This infrastructure includes key functionalities like KYC processes, fraud prevention, and banking partnerships, which are critical for driving mass adoption. The platform currently serves over 4 million users across 160 countries, highlighting its established presence in the global payments landscape.

Transak CEO Sami Start underscored the importance of stablecoins, stating that the company wants to bridge the gap between the traditional financial world and the burgeoning Web3 ecosystem and make Web3 as intuitive and accessible as Web2. In addition, other industry leaders support Transak’s role in improving blockchain-based payment systems; for instance, Ethereum development firm ConsenSys previously demonstrated its support.

Multiple venture capital firms also participated in the funding round, including SBI Digital Asset Holdings, Sygnum, and Animoca Brands. This follows a Series A funding round in 2023, signaling sustained investor confidence in the company’s growth prospects. To meet rising global demand for efficient payment systems, Transak plans to leverage its regulated cross-border payment solutions, which are supported by licenses in the US, UK, EU, and other jurisdictions.

Stablecoins remain crucial to bridging traditional finance and the digital asset economy. Transak has processed over $1 billion in payments, with stablecoin transactions accounting for approximately 40% of that volume. This figure underscores their expanding relevance in global economic activity.