Checker raises $8 million in Series A to boost stablecoin infrastructure

Stablecoin infrastructure startup Checker has secured ↑ $8 million in a Series A round, with lead investor Galaxy Ventures and participation from Framework and other backers.

Checker raises $8 million to accelerate stablecoin infrastructure

The infusion, announced on Monday, aims to broaden the platform’s compliance tooling and expand its API suite for enterprises seeking regulated digital asset services.

Investor lineup backs Checker raises $8 million

According to a Reuters report, the round values the company at approximately $120 million, reflecting heightened demand for stablecoin custodial solutions after the recent pandemic disruptions.

“We are positioned to become the backbone of compliant stablecoin issuance,” said CEO Maya Patel.

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Industry analysts note that the capital injection could shorten product rollout timelines by up to 12 months, a significant acceleration in a market where speed is a competitive edge.

Words by Lyra Valance (Digital Assets & Web3 Insider).