KUN bags $50m+ to scale stablecoin cross-border payments

July 18, 2025

KUN, an Asia-based stablecoin payment and embedded finance platform, has raised over $50m since launching just 20 months ago.

The company recently closed an oversubscribed Series A funding round backed by existing investors BAI Capital and GSR Ventures, who increased their commitments, alongside two new strategic investors—Eternium Global and a Hong Kong-listed conglomerate.

KUN specialises in building a global infrastructure for stablecoin-based cross-border payments and embedded financial services. The company’s solutions are tailored for enterprises and institutional clients.

The new funding will be used to scale KUN’s R&D efforts, strengthen its blockchain infrastructure and payment stack, and accelerate the development of its AI-driven compliance systems.

KUN also plans to expand its licensing footprint and institutional partnerships globally, while enhancing wallet technologies and intelligent risk control capabilities such as KYC, AML, and KYT.

The company has seen exponential growth, reporting a 200% month-on-month surge in transactions over the past year. It now serves thousands of enterprise and institutional clients with stablecoin payment and settlement services.

In June 2025, KUN signed an MoU with TradeGo, a digital platform for global commodity trading. The partnership aims to integrate blockchain-based electronic Bill of Lading (eBL), compliance protocols, and stablecoin infrastructure into a single logistics and payments solution.

Eternium Global CEO and CIO Kent Cai 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 (Latin America, the Middle East, and Africa). We believe that cross-border payments is 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.”

KUN chief advisor and YeePay co-founder Chen Yu said, “KUN is building next-generation digital financial infrastructure anchored in stablecoins. By reconstructing the cross-border payment stack and trust mechanism, KUN is paving the way for emerging markets and global enterprises to scale. This funding marks another milestone in KUN’s journey toward globally compliant, intelligent, and unified financial solutions..”