marketNovember 13, 2026
UK bank Griffin raises $20M for stablecoin services
Griffin, a UK bank that works with Uber, has closed a $20 million Series B round. It was led by Octagon Partners. The company's valuation after the round exceeded $100 million.
The money will go toward expanding services: managing stablecoin reserves, cross-border blockchain payments and issuing bank cards. Griffin received its full banking license in 2024.
The bank now serves more than 80 companies, including Uber, and processes around 10 million payments a year.
For people who hold or exchange crypto, the news shows that banking infrastructure for stablecoins keeps developing: such services are gaining licensed partners with banking licenses.