Blockchain-based financial services company Telcoin completes $25 million Pre-A round financing

ChainCatcher news, according to Businesswire, blockchain-based financial services company Telcoin announced the completion of a $25 million Pre-A round of financing to fund its digital asset bank, which is scheduled to open later this year.

This funding enables Telcoin to meet the capital requirements for its conditionally approved digital asset custody institution license in Nebraska, USA, helping the company bridge the blockchain economy with traditional banking. This financing also supports Telcoin in creating the first bank-issued stablecoin, eUSD.

Telcoin is described as a multinational fintech company serving 171 countries, integrating blockchain technology, telecommunications, and banking. Telcoin provides secure, self-custodied blockchain payment and banking services globally, supported by its own decentralized financial infrastructure.