WSPN is a Singapore-based provider of stablecoin infrastructure whose flagship product is the WUSD stablecoin, pegged 1:1 to the U.S. dollar. The company says WUSD aims to optimize secure and licensed digital payments for Web3 users. WSPN is led by CEO and Founder Raymond Yuan and positions itself as building a more secure and efficient payment solution for the global economy. The company raised $30M in a Seed funding round to support expansion. The round was led by Folius Ventures and Foresight Venture, with participation from Hash Global, Generative Ventures, RedPoint Capital, and a consortium of investment companies, exchanges and foundations. WSPN intends to use the funds to expand operations and its development efforts.

Total raised

$30M

Funding rounds

1

Latest round

Seed

Latest activity

Aug 2024