UK bank Griffin raises $20 million to expand into stablecoin payments
UK-based Griffin has secured $20 million in Series B funding to expand into stablecoin payments, valuing the company at over $100 million.
The London-based financial institution announced the Series B round on Thursday, with participation from Notion Capital, A+ Ventures, Nordic Ninja and Breega. Griffin plans to use the funding to develop reserve services for businesses incorporating stablecoins and enable onchain cross-border payments on its banking platform.
Banking Infrastructure
Griffin received a full British banking license in 2024 and provides banking infrastructure to more than 80 companies, including Uber and reward cards platform Yonder. The funding will allow fintech companies to access conventional banking services alongside onchain payment rails through a single provider.
Market Expansion
The move reflects growing demand from traditional finance-focused companies looking to bridge conventional banking with blockchain-based payments. Griffin's expansion into stablecoin services comes as the digital asset market continues to mature and seek regulatory clarity.
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