KUN raises $50m, Series A to expand stablecoin cross-border payments

By Vriti Gothi

KUN, a stablecoin-based payment and embedded finance platform, has raised a Series A funding round to reshape global cross-border transactions.

The round, which was significantly oversubscribed, saw renewed commitments from existing investors BAI Capital and GSR Ventures, alongside the addition of two new strategic backers: a Hong Kong-listed conglomerate and Eternium Global.

This latest funding achievement brings KUN’s total capital raised to over $50 million within just 20 months of launch, reinforcing its first-mover advantage and solidifying its leadership in the rapidly evolving stablecoin payments landscape.

Founded with a vision to build a secure, compliant, and efficient global infrastructure for stablecoin cross-border payments and embedded financial services, KUN has sustained exceptional growth, recording a 200% month-on-month surge in transactions over the past year. The platform today serves thousands of enterprise and institutional clients, offering a robust settlement network characterised by uncompromising security, reliability, and seamless transaction experiences.

Building on its compliance-first philosophy and advanced technology stack, KUN has emerged as the platform of choice for cross-border businesses seeking trusted stablecoin payment and settlement solutions.

Reflecting its commitment to expanding its ecosystem, KUN recently signed a landmark Memorandum of Understanding with TradeGo, a digital services provider for global commodity trade. This strategic alliance will integrate blockchain-powered electronic Bill of Lading (eBL) technology, cross-border compliance capabilities, and stablecoin settlement infrastructure to deliver an innovative ‘three-in-one’ solution—seamlessly connecting logistics, information, and capital to optimise the efficiency and transparency of large-scale trade flows.

In parallel, Eternium Global, a diversified conglomerate with holdings spanning logistics, insurance, commodities, energy, and healthcare, will partner with KUN to build a next-generation Web3-enabled payment ecosystem designed to unlock cross-sector applications worldwide.

Louis Liu, Founder and CEO of KUN, said, “KUN will leverage the proceeds from this round to deepen our technology investments and strengthen our global licensing and institutional partnerships. By synergising our established Hong Kong and Singapore licensing frameworks with new regulatory applications, we are laying the foundation for a seamless hybrid Web2-Web3 digital payment network. Our vision is to empower real economies with secure, compliant, and intelligent cross-border payment solutions—supporting global businesses as they scale in an increasingly interconnected world.”

Kent Cai, CEO and CIO of Eternium Global, said, “We look forward to unlocking synergistic flywheel effects through this collaboration with KUN. We will bring stablecoin-based payment solutions that are more efficient, transparent, and compliant to our existing global business network, especially in markets with explosive growth potential such as Latin America, the Middle East, and Africa. We believe that cross-border payments are the current killer application of Web3 and blockchain technology. We are fully onboard with KUN’s long-term vision and are excited to build a sustainable Web3 ecosystem together.”

William Zhao, Partner at BAI Capital, said, “What we predicted last year—the transition from SWIFT to stablecoin-based cross-border transfers powered by real-time blockchain clearing—is becoming reality. As the first-mover advantage of licensed stablecoin issuers gradually diminishes, the real opportunity lies in building decentralised financial infrastructure and digital FX circulation networks. KUN is leading the way in Asia, innovating at the intersection of blockchain settlement, e-BL, and stablecoin payments for commodity trade. This will fundamentally reshape the future of global trade and payments.”

Looking ahead, KUN plans to deploy the fresh capital to enhance its R&D capabilities across cross-border transaction security, core blockchain infrastructure, and digital wallet technologies. Simultaneously, the firm will accelerate upgrades to its AI-powered risk control systems and compliance frameworks, including KYC, AML, and KYT protocols.

KUN’s forward-looking roadmap underscores its commitment to driving digital transformation across the cross-border payments sector while setting new standards for compliance, innovation, and customer-centric design in the era of decentralised finance.