TechFlow news, October 14 — According to Blockworks, Brazilian fintech company Crown announced an $8.1 million seed funding round led by Framework Ventures, with participation from Valor Capital Group, Coinbase Ventures, Norte Ventures, Paxos, and Nubank co-founder Ed Wible. The new funds will support the launch of its stablecoin BRLV, which is pegged to the Brazilian real (BRL) and fully backed by Brazilian government bonds. Unlike USD-denominated stablecoins such as USDC, BRLV will offer native yield-sharing to institutional partners by distributing a portion of the returns from its held government bonds.
Navigating Web3 tides with focused insights
Contribute An Article
Media Requests
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号




