Fintech company Crown completes $8.1 million seed round led by Framework Ventures

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According to Blockworks, fintech company Crown has completed an $8.1 million seed round of financing, led by Framework Ventures, with participation from Valor Capital Group, Coinbase Ventures, Norte Ventures, Paxos, etc. The new funds will be used to support the company's launch of the stablecoin BRLV, which is pegged to the Brazilian real (BRL) and fully backed by Brazilian government bonds. Unlike dollar-denominated stablecoins such as USDC, BRLV will provide native revenue sharing to institutional partners and distribute a portion of the income from the government bonds it holds to institutions.


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