Funding enables Telcoin to offer the first regulated, bank-issued USD stablecoin designed for real-world use cases like cross-border remittances and direct merchant payments
NORFOLK, Neb.--(BUSINESS WIRE)--Telcoin, a blockchain-based financial services company set to become the first regulated blockchain bank in the United States, announced it has raised $25 million as part of an ongoing pre-series A round to capitalize Telcoin Digital Asset Bank—which is set to open later this year. The funding enables Telcoin to meet capital requirements for its conditionally approved Nebraska Digital Asset Depository Institution charter, positioning the company to bridge the $4 trillion blockchain economy with traditional banking.
The raise also paves the way for Telcoin to enter the booming stablecoin market with its bank-issued eUSD “Digital Cash” stablecoin. “Telcoin is betting that consumers really just want usable digital dollars, not a bunch of different branded USD stablecoins,” explains Telcoin CEO and founder Paul Neuner. Alongside its multi-currency eXYZ Digital Cash offering, the company believes eUSD can unlock the mainstream usability of crypto technology for everyday use in payments and banking in a way that non-bank stablecoins cannot.
Neuner called the funding a pivotal moment for the company, noting its alignment with advances in the broader U.S. digital asset legislation and the recent passage of the GENIUS Act that regulates stablecoins. “We’re grateful to have such strong partners backing us as we take this next step. With our first-of-its-kind bank and stablecoin, we're providing real access to bridge the gaps between traditional banking and decentralized finance. Unlike the offshore or non-bank alternatives in the market today, eUSD will give people a regulated, trustworthy way to use digital dollars at scale.”
In addition to enabling the creation of the first bank-issued U.S. dollar stablecoin, the Nebraska bank charter is also the first US banking charter to explicitly authorize connecting customers to “DeFi,” or decentralized financial protocols, under a regulated framework. The charter was made possible by the landmark Nebraska Financial Innovation Act, which Telcoin helped author and pass into law in 2021.
“What excites us about Telcoin is the potential impact right here at home,” said Matt Maser, who represents one of the large investors joining the round. “There’s enormous value in bringing stablecoins into a banking environment that banks and their customers can trust. This isn’t just about faster and safer transactions in Nebraska, but ensuring that the U.S. remains competitive on the global financial stage.”
Telcoin is also licensed in a growing list of jurisdictions globally, a key part of its strategy to place Telcoin Digital Asset Bank at the center of an emerging Internet of Money. Cross-border remittances are the company’s initial use case for Digital Cash stablecoins, tearing down borders that create costly friction in the industry currently. Beyond remittances, though, Telcoin says it is upgrading the technology of money, payments and banking to a new global on-chain standard.
“Telcoin is redefining what’s possible in banking,” said Tom Kaiman, founding principal of Otter & Co. Capital Holdings, who joined the round alongside other community banking investments. “This isn’t just about digital money — it’s about reimagining how people everywhere connect to their finances. Telcoin is leading a movement toward a faster, safer, and truly global financial system, and we’re proud to be part of that shift.”
About Telcoin
Telcoin, a multinational fintech serving 171 countries, is revolutionizing global finance by merging blockchain technology, telecommunications, and banking. Telcoin is launching the world's first regulated blockchain bank and eUSD, a pioneering bank-issued “Digital Cash” stablecoin. Telcoin offers secure, self-custodial blockchain payments and banking services globally, powered by its own decentralized financial infrastructure. As a GSMA member, Telcoin is driving new organizational participation while empowering the telecom ecosystem with shared ownership of a blockchain network designed for mobile operators and their subscribers. This compliant, banking-first approach harnesses blockchain's power to redefine how the world interacts with money on the internet. Learn more at www.telco.in.
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