Stablecoin compliance startup Range has announced the completion of an $8.3 million Series A funding round. The round included participation from TX Ventures, SixThirty, Maven 11 Capital and Onigiri Capital, among others. With this financing, Range’s cumulative funding has reached $11 million, according to the information reported by The Block and carried by Odaily.
A platform for companies operating stablecoins and fiat currency
Range focuses on providing a unified platform for companies that operate both stablecoins and fiat currencies. Its products are designed around the operational needs of businesses that must handle records, compliance workflows and transaction-related processes across these two types of money infrastructure.
The company’s core products include Unify and Protect. Unify is described as a real-time ledger system, while Protect is an on-chain transaction screening tool. Together, these two products form the main product suite that Range currently presents to customers working with stablecoin and fiat operations.
Customer list includes Circle and Solana Foundation
Range’s disclosed customers include Circle, Solana Foundation, Stellar, Squads and Jupiter. The customer list spans stablecoin, blockchain ecosystem and on-chain application participants named in the announcement. The company did not disclose additional transaction terms beyond the funding amount and participating investors in the provided report.
Range said the new capital will be used to expand both Unify and Protect, grow its engineering and go-to-market teams, and add more integrations and network coverage. The stated use of proceeds is tied directly to the company’s plan to further build out its unified platform for businesses that operate stablecoins alongside fiat currency.