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Conduit secures $36 million in Series A funding to expand its stablecoin-powered cross-border payment network. The platform supports real-time transactions across fiat and digital currencies, offering faster settlements and lower fees than traditional systems. With operations spanning five continents, Conduit plans further growth in Asia and high-inflation markets.
A $36 Million Boost for Stablecoin Innovation
Conduit announced a $36 million Series A funding round co-led by Dragonfly and Altos Ventures. The round also saw participation from Sound Ventures, Commerce Ventures, DCG, Circle Ventures—the issuer of USDC—and existing backers Helios Digital Ventures and Portage Ventures. The capital injection arrives following substantial transaction growth across the company’s platform, positioning it for geographic expansion and wider currency support.
Rob Hadick of Dragonfly Capital will join Conduit’s board as part of the funding. The company plans to use the funds to build out its real-time global payment infrastructure, expand into new markets, and increase the number of fiat and digital currencies it supports. Conduit aims to develop a broader, integrated network that links businesses to instant settlement rails using stablecoins.
Why Stablecoins Beat Traditional Payment Networks
Conduit’s platform replaces legacy systems such as SWIFT and correspondent banks with real-time, stablecoin-based rails. Transactions that would typically take days settle in seconds, reducing both delays and costs. Clients bypass the inefficiencies associated with traditional cross-border financial infrastructure, which often involves multiple intermediaries, high fees, and limited transparency.
The platform also features built-in compliance systems, including automated anti-money laundering checks, sanctions screening, and transaction monitoring. This allows businesses to meet regulatory obligations without sacrificing speed or affordability. Stablecoins serve as an intermediary to move value instantly between local currencies, enabling commercial invoices to be settled efficiently while still meeting fiat expectations.
Where Conduit Operates—and Where It’s Going Next
Conduit has already built integrations with local banks across North America, Latin America, Europe, Africa, and Asia. This includes jurisdictions where businesses often face limited access to USD and lack interoperability between fiat and stablecoin systems. The platform supports USD-denominated networks such as SWIFT, ACH, and FedWire alongside local rails across key international markets.
The company is planning further expansion into Asia and deeper penetration in regions such as Mexico, Colombia, Brazil, Nigeria, and Kenya. These regions typically experience high currency volatility and limited global payment access, making them strong candidates for stablecoin adoption through Conduit’s infrastructure.
Under the Hood: How Conduit Combines Crypto and Traditional Finance
Conduit operates a hybrid system that connects blockchains, banks, and local payment processors through a single application programming interface. This enables programmable financial transactions that integrate seamlessly with traditional banking systems. Businesses can convert between stablecoins and local fiat currencies in real time, minimizing friction during commercial settlements.
The system is designed to eliminate liquidity bottlenecks and enable near-instant cross-border payments. It maintains a network of institutional-grade foreign exchange providers to ensure sufficient depth for large transactions. These capabilities allow enterprises to move funds globally without delays or manual coordination between banks and exchanges.
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By the Numbers: Growth, Savings, and Client Adoption
- 16x increase in transaction volume from 2023 to 2024
- Over $10 billion in annualized payment volume
- $55 million in fee savings for clients
- More than 60,000 hours saved in settlement processing
- 105% year-over-year growth in client base
- Current team size: 57 employees
- Client count: Over 100
These performance figures reflect both scale and efficiency improvements, with clients reporting measurable gains in operational speed and cost reduction. The data also highlights expanding enterprise adoption and solid market fit for Conduit’s platform.
Why Businesses Are Jumping Onboard
Clients working in emerging markets often lack access to SWIFT and face restricted USD liquidity. Conduit’s system eliminates these constraints with direct connectivity to two dozen banking partners and support for high-inflation local currencies. This allows companies to manage treasuries more effectively by leveraging real-time conversions between stablecoins and fiat.
The value proposition includes:
- Settlement in seconds across borders
- Interoperability between stablecoins and local currencies
- Compliance-ready infrastructure
- Deep FX liquidity for high-volume transfers
- Local rails integration in difficult-to-access markets
These features are particularly relevant for businesses dealing with international invoicing and cash flow management in jurisdictions where traditional payment infrastructure is unreliable or unavailable.
Stablecoins Aren’t Just for Crypto Anymore
While most clients continue to invoice and settle in fiat, Conduit provides the infrastructure to translate stablecoin utility into everyday business finance. Its model reduces friction between crypto-native assets and traditional finance systems, making it accessible to businesses with no direct exposure to digital currencies.
The platform’s ability to transition between stablecoins and local currencies in real time allows firms to take advantage of faster settlement without having to fully adopt cryptocurrency accounting models. This flexible design supports gradual adoption and scalability in a regulatory-conscious environment.
A Bold Step Toward Borderless Finance
With growing transaction volume, strategic investor backing, and a platform proven across five continents, Conduit is building a payment network that integrates stablecoins into the core of international commerce. Its approach connects blockchain efficiency with traditional banking reliability, enabling faster and more affordable cross-border payments.
The latest round of funding positions Conduit to extend its infrastructure further into underserved markets and deliver real-time financial rails that accommodate both fiat and digital currency flows. As stablecoins become more embedded in global finance, Conduit’s hybrid model offers a practical path forward for businesses navigating the complexities of international money movement.
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