Blockchain Capital

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PhotonPay raises $40M to link stablecoin and fiat payment rails

Led PhotonPay's $40 million Series C.

A business holding stablecoins still has to turn them into something a supplier, a card network or a local bank will accept. PhotonPay raised $40 million to close that gap, wiring stablecoin balances into the accounts, clearing systems and cards companies already use.

Updated Yesterday

TRM Labs doubles valuation to $2 billion in expanded Series C

Money Moves

Led both Series C tranches for TRM

TRM Labs, a San Francisco company that traces illicit cryptocurrency, expanded its Series C round on September 9 at a $2 billion valuation, twice its February level. Blockchain Capital, which led a $70 million tranche in February, led this expansion too.

Updated Sep 10