TechFlow news, November 19 — According to Fortune, Noble, a stablecoin infrastructure platform, has raised $15 million in a Series A round led by Paradigm. Noble has partnered with stablecoin issuers including Circle, Ondo Finance, Hashnote Labs, and Monerium, and currently manages over $458 million in assets.
Jelena Djuric, co-founder and CEO of Noble, said the platform can issue stablecoins across 45 independent application-specific chains within one second. As institutions like Ripple, Revolut, and Robinhood plan to launch their own stablecoins, Noble aims to solve the distribution challenges of stablecoins in an increasingly fragmented blockchain ecosystem. The new funding will be used to develop user-facing products and expand the team. To date, Noble has raised a total of $18.3 million.
