The problem
Big companies want branded stablecoins and stablecoin payments without building custody, licenses and compliance themselves
What they do
Regulated custody, issuance and payout infrastructure for enterprise and bank stablecoin programs
Traction Samsung Wallet (82M devices, launching late Oct 2026) and Sony Bank deals; no revenue disclosed
Hiring trend
- Open roles
- 8
- Ops roles
- 1
- Headcount
- ~50
Headcount 27 (Sep 2025) to ~50 (Oct 2026), +39% YoY on LinkedIn; 7 open roles
Hiring in
- New York
- Remote (US)
Latest news
Oct 2026
Chosen as licensed custodian for Samsung Wallet's USDC feature on 82M US Galaxy phones ↗Funding
- Last round
- $14.6M
- Stage
- Series A
- Date
- Sep 2025
Led by Coinbase Ventures
- Hiring+18 open roles on the live job board (3–9 roles = +1)
- Funding recency+0.5Series A · $14.6M, Sep 2025 (13 months ago): 12–24 months = +0.5
- Traction+0.75Some growth: Samsung Wallet (82M devices, launching late Oct 2026) and Sony Bank deals; no revenue disclosed
- Red flags0None found in the last 24 months
- Total2.251 + 0.5 + 0.75 − 0 = 2.25 → Warm-up
Seed rule: a Series A of $15M or less without strong traction starts in Warm-up whatever the score (Steady by score alone).
Distance (Unproven) is a separate read on how long the lead can last. It doesn't change the score.
Distance
Unproven · edge: hard to leave
Licenses (NY trust charter, OCC conditional national trust charter, money transmitter licenses) and embedded custody make it sticky once a client is live, but its marquee programs (Samsung Wallet, Sony Bank) are not live yet and it trails Paxos, Anchorage and Stripe's Bridge in a crowded field.
Sources: GlobeNewswire: Samsung Wallet stablecoin partner, launching last week of Oct 2026 (Oct 7 2026) ↗ · OCC Corporate Decision #1391: conditional national trust bank conversion (Sep 2026) ↗ · TokenPost: Sony Bank stablecoin still under consideration, no launch date (Sep 2026) ↗ · Fortune: $14.6M round; competes with Paxos and Agora; 27 staff (Sep 2025) ↗
Open ops roles · 1
Last checked Oct 25, 2026