Transak, a platform specializing in fiat-to-crypto exchange infrastructure, has raised $16 million in a strategic funding round to bolster its stablecoin capabilities.
Investments and Goals of Transak
Transak has conducted a strategic funding round worth $16 million, which will be utilized to enhance its stablecoin payment systems and extend its market presence. Among the lead investors are Tether and IDG Capital, supported by a number of other notable players in the investment landscape.
The Importance of Stablecoins for Financial Infrastructure
According to Co-Founder and CEO Sami Start, stablecoins are becoming a cornerstone for global transactions. "Stablecoins are no longer just a crypto asset. They are now the rails for global value transfer," he stated. "Making them usable at scale requires more than just liquidity; it requires real infrastructure: compliance systems, KYC, fraud prevention, and banking partnerships."
Plans for Further Development
Transak is already integrated with over 450 applications and enables users in more than 75 countries to transition between fiat and stablecoins. The company holds regulatory licenses in key markets including the U.S., U.K., EU, Canada, Australia, and India, with plans to expand into the Middle East, Latin America, and Southeast Asia.
Transak is advancing in its development and aims to strengthen its position in the stablecoin market, which, according to experts, is a step towards a more stable and efficient financial infrastructure.
