Borderless.xyz, a platform for Web3 payments, successfully raises $3 million in a pre-seed round, with Amity Ventures taking the lead.
Borderless.xyz, a groundbreaking blockchain-based payments platform, has announced the successful completion of a pre-seed funding round, securing $3 million in investment. The company aims to revolutionize global transactions by facilitating seamless, efficient, and compliant movement of value across borders using stablecoins, real-world assets, and fiat currencies.
The platform's key aspects include multi-asset support, regulatory compliance, stablecoins as payment rails, treasury and investment collective management, back-end efficiency, and integration with established networks. By enabling transactions and investments not only in fiat currencies but also in stablecoins and tokenized real-world assets, the platform increases liquidity options and access for users worldwide.
Regulatory compliance and transparency are at the heart of Borderless.xyz's approach. The company is regulated under the UK’s Financial Conduct Authority and is pursuing licenses to provide UK bank accounts for collectives. This regulatory backing provides trust and legality in cross-border transactions and asset management.
Borderless.xyz also plans to leverage stablecoins as 24/7 global payment rails to reduce transaction costs, eliminate foreign exchange friction, and support instant settlement. This aligns with emerging regulatory frameworks like the GENIUS Act in the U.S., which mandate full asset backing for stablecoins, enhancing their reliability and integration into corporate treasury management and supply chain payments.
Users can join or form investment collectives to pool resources and coordinate investments, with features planned for communication and account management on-chain. Each user completes KYC to unlock accounts for payments and investment tracking. Blockchain’s programmability allows for automated reconciliation, real-time collateral sweeps, and optimized liquidity management, which can significantly reduce back-office operational costs for businesses and collectives.
Amity Ventures led the funding round, with Managing Partner CJ Reim joining Borderless.xyz's board of directors as part of the deal. Talos founder Anton Katz and Fireblocks founder Michael Shaulov are among the nine angel investors who participated in the funding round. The company plans to use the fresh capital to accelerate its global growth.
However, the article does not provide any new information about the total amount of funds raised by Borderless.xyz or the terms of the funding round. Additionally, the article does not contain any information about the current number of users or transactions on the Borderless.xyz platform, nor does it indicate any plans to expand its presence to additional countries or add support for new currencies.
Borderless.xyz CEO Kevin Lehtiniitty stated that the company is creating a new payments network connecting liquidity from stablecoin-enabled financial institutions worldwide. The network will operate across different blockchains and stablecoins, aiming to enable money to be moved anywhere at any time. This vision, inspired by Lehtiniitty's aspiration to replicate what Visa did for banks, but for stablecoin-enabled financial institutions, promises to reshape the global financial landscape.
- The Borderless.xyz platform, supported by investment from leading venture capital firms such as Amity Ventures, aims to revolutionize global finance by enabling not only transactions in fiat currencies but also investments in stablecoins and tokenized real-world assets, thus increasing liquidity options for users worldwide.
- By leveraging stablecoins as 24/7 global payment rails and embracing technologies like blockchain for programmable finance, Borderless.xyz aspires to replicate what Visa did for banks, but for stablecoin-enabled financial institutions, potentially reshaping the global finance and investing landscape.
