Range Raises $8.3M to Unify Treasury, Risk, and Compliance Across Stablecoins and Fiat

Range, a platform for companies operating across stablecoins and fiat, has raised $8.3 million in Series A funding. The company has now raised a total of $11 million to date, with the latest round being oversubscribed despite taking place in one of the toughest fundraising markets in crypto history.

The investors backing Range include traditional fintech funds TX Ventures and SixThirty, as well as crypto-native funds Maven 11 Capital and Onigiri Capital. The mix of backers is significant, as it shows that the lines between traditional finance and cryptocurrency are continuing to blur.

Range provides a platform for companies to unify their treasury, risk, and compliance across stablecoins and fiat. This includes connecting every bank account, custodian, wallet, and exchange into a single real-time ledger, as well as running pre-execution controls on every on-chain transaction.

The company currently protects more than $30 billion in customer assets under management and carries over 10,000 integrations with banks, custodians, and wallets. It monitors 200+ networks and 100+ stablecoins in real-time and screens tens of billions in monthly payment volume.