WasabiCard completes US$10 million Pre-A funding round

WasabiCard has raised nearly US$10 million in a pre-A funding round to expand its stablecoin-based payment infrastructure for commercial use, underscoring growing demand for blockchain-powered business payments.

The round drew participation from Vernal Capital, Avenir Group, Vision Plus Capital, and 01VC. WasabiCard said the capital will be used to grow its global infrastructure, upgrade card and payout networks, and advance product development and regulatory compliance across international markets.

Key metrics and business reach

Since launch, the Singapore-based payment firm has onboarded more than 500 enterprises, issued over 500,000 payment cards, and processed more than US$1 billion in transaction volume. Its infrastructure supports global payroll, SaaS and AI subscription payments, advertising spend, and other cross-border commercial operations.

Co-founder Yang said WasabiCard’s platform combines blockchain settlement with enterprise-grade payment systems to improve international fund transfers and operational efficiency for businesses dealing with multiple currencies and jurisdictions.

Product roadmap and technical strategy

With the new funding, WasabiCard plans to enhance its enterprise product suite. Priorities include faster global card issuance and payouts, broader access to assets across multiple blockchains, and programmable payment workflows designed for emerging technologies and digital commerce platforms.

The company has been expanding its multi-chain infrastructure through integrations with Avalanche, Arbitrum, and BNB Chain. It also joined the Circle Alliance Program, a move aimed at accelerating adoption of stablecoin-based payment systems and strengthening its position within a regulated stablecoin ecosystem.

Backing from digital asset-focused capital

Zhong, managing partner at Avenir Group, said the firm sees the convergence of stablecoins, payments, and financial infrastructure as a rising area of innovation. He described WasabiCard’s technology as an example of progress in connecting digital asset rails with traditional financial systems.

Jun, founder of Vernal Capital, said the investment aligns with broader shifts in global financial infrastructure as stablecoins evolve from trading instruments into tools for enterprise value transfer and programmable payments.

Vernal Capital, also based in Singapore, focuses on artificial intelligence, blockchain, and digital infrastructure, using a mix of venture investment, company building, and mergers and acquisitions. Avenir Group concentrates on integrating traditional finance with digital asset infrastructure and is among Asia’s largest institutional Bitcoin ETF holders.

Avenir’s strategy, which includes managing approximately US$702 million in a single Bitcoin spot ETF as of the first quarter of 2026, highlights a shift from passive asset exposure toward funding operational companies. Backing firms like WasabiCard signals a move to build the underlying rails for a web-native economy.

Stablecoins move from speculation to enterprise infrastructure

The deal comes as enterprise use of blockchain-based financial infrastructure accelerates. Compliance-focused businesses are increasingly turning to stablecoins for cross-border payments and treasury management, seeking lower costs and faster settlement without abandoning regulatory standards.

According to market data, business-to-business payments using stablecoins have expanded from less than US$100 million per month in early 2023 to more than US$6 billion by mid-2025. This growth marks a shift from speculative trading activity toward recurring commercial use cases, positioning enterprise-level demand as a key driver of on-chain transaction volume.

Total stablecoin transaction volume exceeded US$33 trillion in 2025, approaching the scale of traditional payment networks. WasabiCard’s more than US$1 billion in processed payments forms a small but telling slice of this broader movement, in which digitally native dollars are becoming core infrastructure for global commerce.

Why multi-chain and alliances matter

WasabiCard’s multi-chain strategy is designed to allow the platform to follow economic activity as it moves across different blockchain ecosystems. By integrating with several networks instead of relying on one, the company aims to support a diverse client base with varied technical and regulatory requirements. For enterprise-facing platforms, this flexibility is increasingly seen as necessary to function as a financial bridge between jurisdictions and digital ecosystems.

Partnerships like the Circle Alliance Program are intended to strengthen confidence around compliance, liquidity, and reliability. Aligning with one of the most prominent regulated stablecoins helps enterprises assess counterparty and infrastructure risk more clearly, signaling that payment flows are built on transparent and supervised frameworks.

Focus on AI, SaaS, and internet-native businesses

WasabiCard’s emphasis on payments for AI and SaaS subscriptions points to the type of use cases driving the next phase of stablecoin adoption. These internet-native businesses depend on programmable, always-on, global payment rails to support recurring billing and microtransactions at scale.

Jun noted that such tools are what allow stablecoins to operate as vehicles for enterprise value transfer rather than just trading instruments. Programmable features and faster settlement open the door to new business models in software, digital media, and online services that traditional payment infrastructure struggles to support efficiently.

What market observers are watching

Market analysts are increasingly focused on how the rise in business-to-business stablecoin flows shows up in on-chain metrics. Sustained commercial usage has the potential to provide a more stable base layer of demand for blockchain networks, decoupling activity levels from short-term market sentiment.

For companies like WasabiCard, the next phase will test whether their infrastructure can capture a meaningful share of this expanding transaction base. As enterprise adoption deepens, the core measure of success is shifting from token price action to the volume, durability, and diversity of real economic activity running across these payment rails.