KUN, a Hong Kong-based stablecoin and embedded finance platform, has secured over $50 million in funding just 20 months after launch, following a heavily oversubscribed Series A round.
Backed by existing investors BAI Capital and GSR Ventures, the round also drew two new strategic investors: a Hong Kong-listed conglomerate and Eternium Global.
With this latest injection of capital, KUN is doubling down on its position as Asia’s leading provider of stablecoin-powered payment infrastructure. The company has reported a staggering 200% month-over-month transaction growth over the past year, driven by demand for real-time, blockchain-based cross-border settlements from thousands of enterprise and institutional clients.
The funding will be used to accelerate KUN’s expansion into high-growth markets, strengthen its blockchain infrastructure, and enhance AI-driven compliance tools including advanced KYC, AML, and KYT protocols. In tandem, KUN plans to deepen its regulatory foothold in hubs like Hong Kong and Singapore while expanding its global institutional network.
Further extending its ecosystem, KUN recently signed a strategic Memorandum of Understanding with TradeGo, a global commodity trading platform. This partnership will integrate blockchain-based electronic Bill of Lading (eBL) solutions, stablecoin settlements, and cross-border compliance systems offering a unified framework that connects capital, logistics, and data across trade finance.
Eternium Global will collaborate with KUN to deploy stablecoin-based payment systems across emerging markets such as Latin America, the Middle East, and Africa. Investors from BAI Capital and GSR Ventures noted that KUN is spearheading a transition from traditional SWIFT-based transfers to decentralized, blockchain-cleared financial networks.
“For crypto users and businesses, stablecoins are no longer just a hedge; they are a gateway to faster, frictionless payments,”
said Louis Liu, CEO of KUN.
Meanwhile, KUN’s momentum aligns with broader developments in Hong Kong’s crypto space. Animoca Brands, in partnership with Standard Chartered Bank and Hong Kong Telecom, is seeking a stablecoin issuance license under the city’s upcoming Stablecoin Ordinance. This move further highlights the region’s shift toward regulated digital finance and reinforces KUN’s long-term strategic positioning in Asia’s Web3 economy.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
