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, which will be used to inject capital into the Telcoin digital asset bank 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 services. The financing will also support Telcoin in creating the first bank-issued stablecoin, eUSD.

According to the introduction, Telcoin is a multinational fintech company serving 171 countries, integrating blockchain technology, telecommunications, and banking services. Telcoin provides secure, self-custodial blockchain payment and banking services globally, supported by its own decentralized financial infrastructure.