WasabiCard has completed a nearly $10 million Pre-A round of financing, with participation from prominent institutions Vernal Capital, Avenir Group, Vision Plus Capital, and 01VC.
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WasabiCard has completed a nearly $10 million Pre-A round of financing, with participation from prominent institutions Vernal Capital, Avenir Group, Vision Plus Capital, and 01VC.
The funding will be used to expand global payment capabilities, card issuance infrastructure, and enterprise-grade stablecoin payment solutions.
Navigating Web3 tides with focused insights
WasabiCard, a global stablecoin-powered payment infrastructure platform, today announced the successful closing of its Pre-A round financing. Combined with previous funding rounds, the company’s total raised capital has approached $10 million, backed by four prominent institutional investors: Vernal Capital, Avenir Group, Vision Plus Capital, and 01VC. This round of financing will be primarily allocated toward further expanding WasabiCard’s global payment infrastructure, enhancing its stablecoin-based card issuance and cross-border payment capabilities, accelerating enterprise customer acquisition in international markets, and continuing investment in product R&D and global compliance system development.
As stablecoins gradually expand beyond cryptocurrency trading into real-world financial applications, enterprises’ demand for global payments, treasury management, and large-scale fund disbursement continues to grow. WasabiCard is committed to building an infrastructure network that bridges digital assets and real-world commercial payment scenarios—driving the practical adoption of stablecoins within the global payment ecosystem.
WasabiCard provides enterprises and platforms with an integrated payment solution covering global card issuance, cross-border payments, stablecoin payments, and multi-currency settlement—supporting diverse use cases including global payroll distribution, digital advertising spend, AI and SaaS subscription payments, and embedded finance.
By integrating blockchain settlement networks with enterprise-grade payment infrastructure, WasabiCard enables businesses to execute global fund transfers more efficiently, flexibly, and seamlessly—reducing complexity in cross-border payments and international operations. Since its inception, WasabiCard has continuously expanded both its global payment network and enterprise customer base. To date, the platform serves over 500 enterprise clients, has issued more than 500,000 cards, and processed over $1 billion in cumulative transaction volume.
Roy Yang, Co-Founder of WasabiCard, stated: “Driven by stablecoins and programmable finance, global payment infrastructure is entering a new phase of transformation. We believe the future of payments will be increasingly global, real-time, and internet-native. This financing round will help us continuously strengthen our underlying infrastructure capabilities and build a more efficient global value-transfer network for enterprises.”
Following this financing, WasabiCard plans to further upgrade its enterprise payment product suite—including enhanced global card issuance capacity, optimized cross-border payment efficiency, strengthened multi-chain asset integration, and the development of next-generation payment infrastructure supporting AI Agent Payments and programmable payment workflows—to deliver more comprehensive global payment solutions for enterprises and Web3 platforms.
Simultaneously, WasabiCard is actively expanding its multi-chain payment infrastructure capabilities. The company has already integrated with leading blockchain ecosystems including Avalanche, Arbitrum, and BNB Chain, and recently joined the Circle Alliance Program to further accelerate the global adoption and deployment of stablecoin payments.
Jacob Zhong, Head of Strategic Investment & Partnerships at Avenir Group, commented: “The convergence of stablecoins, global payments, and enterprise financial infrastructure presents tremendous market opportunity. WasabiCard has demonstrated exceptional execution capability in building payment infrastructure that bridges digital assets and real-world commercial applications. We believe the company is well-positioned to seize the next wave of innovation in global payments.”
As more enterprises adopt blockchain-based payment and settlement technologies for payments, treasury management, and international fund disbursement, global demand for compliant, scalable payment infrastructure continues to rise.
Jun Du, Founder of Vernal Capital, remarked: “Stablecoins are rapidly evolving from crypto-native assets into critical infrastructure for global value transfer. We believe the next generation of financial infrastructure will be more internet-native, more programmable, and achieve higher levels of global interoperability.”
This financing round coincides with a period of rapid growth in global demand for stablecoin-powered payment infrastructure. As enterprises continue exploring blockchain applications across payment settlement, treasury management, and cross-border fund flows, infrastructure platforms capable of effectively bridging digital assets and compliant payment capabilities are becoming increasingly essential.
Looking ahead, WasabiCard will continue to invest heavily in global payment infrastructure development, enterprise-grade payment orchestration capabilities, and next-generation financial products tailored for internet-native business models—further advancing innovation and evolution within the global payment network.
About WasabiCard
WasabiCard is a global payment infrastructure platform delivering card issuance, cross-border payments, and global payment capabilities to enterprises, fintech companies, and internet-native businesses via stablecoin-powered financial infrastructure. Designed for modern global commerce, the platform supports global card issuance, multi-currency settlement, stablecoin on-ramps, and embedded payment capabilities. WasabiCard serves a broad range of payment use cases, including digital advertising spend, SaaS subscriptions, global payroll distribution, treasury management, and digital financial applications.
About Vernal Capital
Vernal Capital is a Singapore-headquartered investment and incubation platform focused on artificial intelligence, blockchain, and next-generation digital infrastructure. Through a hybrid model combining venture capital, corporate incubation, and strategic M&A, Vernal Capital partners with visionary founders and management teams to accelerate technology commercialization and scale transformative enterprises. Leveraging deep expertise across traditional industries, digital assets, regulatory technology, and emerging technologies, Vernal Capital is dedicated to bridging Web2 and Web3—and helping enterprises achieve sustainable growth amid complex regulatory environments.
Guided by a long-term investment philosophy, Vernal Capital consistently backs innovative technologies that generate enduring value—partnering with founders who combine integrity and vision to build outstanding enterprises that positively impact businesses, society, and the future.
About Avenir Group
Avenir Group is an innovative investment group dedicated to deepening the integration of traditional finance and digital assets. Through a synergistic model spanning investment, incubation, and operational collaboration, Avenir Group builds leading financial ecosystems and infrastructure networks. Its core focus areas include digital assets, trading and financial services platforms, PayFi infrastructure, and real-world assets (RWA). As Asia’s largest institutional holder of bitcoin ETFs, Avenir Group holds a leading position in the regional market.
Leveraging mature financial expertise and industry-leading resource integration capabilities, Avenir Group consistently advances global capital flows and strategic partnerships—aiming to become a pivotal bridge connecting traditional finance and the digital economy.
Disclaimer
The content of this article is for informational purposes only and does not constitute any legal, tax, investment, or other professional advice provided by WasabiCard, nor should it be construed as a substitute for such professional advice. WasabiCard makes no express or implied representations, warranties, or guarantees regarding the accuracy, completeness, or timeliness of the information contained herein.
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