Tiger Global
Tiger Global is an investment firm that focuses on public and private companies in the global Internet, software, consumer, and financial technology industries.
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Crypto bank Augustus completes $180 million funding round at $1 billion valuation
crypto bank Augustus announced the completion of a $180 million funding round, bringing the company's valuation to $1 billion. The company aims to build a 24/7 financial infrastructure that connects traditional payment systems with stablecoin networks. The round was led by Tiger Global Management, with participation from investors including Hummingbird, QED, and the founding teams of Nubank, Ramp, Circle, and Deel.Augustus stated that as stablecoins gradually transform the global financial system, the traditional Correspondent Banking model is facing efficiency bottlenecks. The company aims to establish a federally chartered clearing bank for fintech companies and financial institutions, replacing traditional cross-border payment infrastructure.Unlike stablecoin issuers, Augustus does not plan to issue its own stablecoin. Instead, it aims to provide underlying banking infrastructure, enabling financial institutions to freely transfer funds between traditional payment networks and blockchain networks. Currently, Augustus offers euro clearing services through its regulated Finnish entity, processing tens of billions of euros in transactions annually. Its clients include international financial institutions, fintech companies, banks, and crypto firms, including crypto exchange Kraken. (CoinDesk)
Circle
CoinDesk
Kraken
MoonPay Acquires Glide, a Crypto Infrastructure Company Founded by Former Robinhood Wallet Engineers
: Fintech platform MoonPay has acquired crypto infrastructure startup Glide and will integrate its deposit and routing technology. Financial terms of the transaction were not disclosed. Glide was founded in 2023 by Tushar Soni and Qinyu Tong, both of whom were part of the Robinhood Wallet team. Glide supports over 100 tokens across 30 blockchain networks, helping applications receive deposits from various tokens, wallets, exchanges, and payment sources. Upon completion of the acquisition, Glide's technology will be integrated into MoonPay Deposits, a product already used by applications such as Wallet in Telegram, Moonshot, and Paysafe. MoonPay stated that this transaction is part of its efforts to expand its digital asset infrastructure capabilities. This is the sixth acquisition announced by MoonPay in 2026, following previous acquisitions of Sodot, Decent, DFlow, Entendre, and Dawn Labs. Its investors include Thrive Capital, Paradigm, Valhalla Ventures, Tiger Global Management, and Coatue.
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Dawn
Decent
Decent
DFlow
MoonPay