News linked to both this project and an event.
According to Business Wire, financial infrastructure command platform Cordant announced the completion of an $8 million seed funding round, jointly led by Motive Partners and Oak HC/FT, with participation from institutions such as Bitso, Paxos, Bankless VC, FJ Labs, and SignalFire. Cordant was founded by a former executive team from Rapyd and is positioned as a real-time operations command center for payment companies, fintechs, and banks, capable of integrating data from payment rails, bank accounts, ledgers, compliance, and risk systems to provide teams with a unified operational view without the need to migrate data or replace existing core systems. The funding will be used for product development and private beta customer deployments.
According to on-chain investigator Specter (@SpecterAnalyst), Tether has frozen four TRON chain wallets holding a combined total of approximately 131 million USDT. Tracing the source of funds, most of the funds were withdrawn from payment service provider DTC Pay and cryptocurrency exchange Bitso. Further investigation reveals that the aforementioned wallets are linked to the Islamic Revolutionary Guard Corps (IRGC) and the Central Bank of Iran on the sanctions list of the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC). The specific reason for the freeze has not yet been officially announced.
Checker, a stablecoin infrastructure startup, announced the completion of $8 million in pre-seed and seed funding. Participants include Galaxy Ventures, Al Mada Ventures, Framework Ventures, Bitso, Airtm, DFS Lab, Onigiri Capital, SNZ Capital, and Velocity. The project's primary business is helping financial institutions launch and scale stablecoins and related products through a single API.It is reported that Checker has processed over $3 billion in transaction volume in the past 12 months. The company plans to use the new funds to expand its financial institution network to Brazil, Kenya, Hong Kong, and the United States, and also intends to launch AI agents for client onboarding, compliance assessment, and treasury operations. (theblock)