Telcoin, a blockchain-based financial services company aiming to become the first regulated blockchain bank in the United States, has raised $25m in a pre-Series A funding round.
The capital will be used to capitalise Telcoin Digital Asset Bank, which is expected to open later this year.
The investors in the round were not fully disclosed, but participants include several large backers such as Matt Maser and Tom Kaiman of Otter & Co. Capital Holdings, alongside other community banking investors.
Founded to bridge the $4tn blockchain economy with traditional finance, Telcoin operates at the intersection of blockchain, telecommunications, and banking. The firm offers decentralised financial infrastructure enabling self-custodial blockchain payments and global banking services across 171 countries.
The new funds will allow Telcoin to meet capital requirements for its conditionally approved Nebraska Digital Asset Depository Institution charter. This will pave the way for the launch of its eUSD “Digital Cash” stablecoin — the first regulated, bank-issued USD stablecoin designed for real-world use such as cross-border remittances and direct merchant payments.
Telcoin CEO and founder Paul Neuner said, “Telcoin is betting that consumers really just want usable digital dollars, not a bunch of different branded USD stablecoins.”
The Nebraska bank charter granted to Telcoin is the first U.S. charter explicitly allowing connections to decentralised finance (DeFi) protocols under a regulated framework.
Investor Matt Maser said, “What excites us about Telcoin is the potential impact right here at home. There’s enormous value in bringing stablecoins into a banking environment that banks and their customers can trust. This isn’t just about faster and safer transactions in Nebraska, but ensuring that the U.S. remains competitive on the global financial stage
Read the daily FinTech news
Copyright © 2025 FinTech Global
