Stablecoin Platform KUN Closes Series A Round, Eyes Global Expansion

KUN, a Hong Kong-based stablecoin payments and embedded finance platform, has closed its oversubscribed Series A funding round. The company has raised over US$50 million since its launch 20 months ago, marking rapid growth in a sector focused on transforming cross-border transactions.

The round saw increased backing from existing investors BAI Capital and GSR Ventures, with new participation from Eternium Global and a Hong Kong-listed conglomerate. KUN said the fresh capital will support its efforts to expand and scale its stablecoin-based payment infrastructure across Asia and beyond.

KUN will utilize the fresh capital to scale its global stablecoin infrastructure, focusing on upgrading its blockchain architecture, digital wallet solutions, and enhancing the security of cross-border transactions. It also plans to fast-track improvements to its AI-driven compliance tools, including AML, KYT, and KYC systems, to support safer and more transparent payment operations.

Over the past year, KUN has experienced 200% month-on-month growth in transaction volume. The platform now serves thousands of enterprise and institutional clients across multiple markets, offering stablecoin-based cross-border payments and settlement services tailored to global trade, e-commerce, and financial use cases.

With established licensing frameworks in Hong Kong and Singapore, KUN plans to broaden its global regulatory reach and strengthen institutional alliances. According to Founder and CEO Louis Liu, the company is building a hybrid Web2-Web3 payment network designed to enable intelligent, secure, and compliant financial operations across borders for real-world enterprises.

In June 2025, KUN signed an MoU with TradeGo, a digital platform for commodity trading, to launch an integrated solution combining blockchain-based electronic Bill of Lading (eBL), compliance features, and stablecoin settlements. The goal is to improve speed and transparency in large-scale trade transactions by unifying payments, documentation, and logistics.

Eternium Global, one of the new backers, will partner with KUN to build a Web3-enabled payment ecosystem serving sectors like logistics, insurance, energy, and healthcare. CEO Kent Cai said the collaboration would focus on high-growth regions such as Latin America, the Middle East, and Africa, where demand for efficient and compliant payment solutions is rising rapidly.

Investors view KUN’s compliance-first approach and technical foundation as key differentiators. William Zhao of BAI Capital said the shift from SWIFT to blockchain-based transfers is already underway, with KUN leading innovation at the intersection of stablecoin payments and digital trade infrastructure. GSR Ventures and KUN advisor Chen Yu echoed this, calling the company a vital player in shaping the future of cross-border finance.

Image credits: KUN