wallex

Former Ren Protocol founder Loong Wang announced the launch of the tokenized financial product settlement network Metal and completed a seed round financing co-led by Airwallex and Capital49, with Airwallex also joining as the first design partner. Metal was co-founded by Loong Wang and former Libra project partner lead Catherine Porter, aiming to build an institutional-grade full-stack infrastructure for tokenized financial products, natively supporting AI agents, authentication, and authorization, while providing global withdrawal and recharge channels covering 200 countries and 90 currencies.

According to market news, a wallet address (0x6926408f55c4f322ebe1a3cc7e4fff380c5543df) under the Iranian cryptocurrency exchange Wallex (wallex.ir) has been simultaneously frozen by Circle and Tether.Several hours before the aforementioned address was frozen, Wallex began consolidating cryptocurrency assets scattered across multiple hot wallets on the Tron and Ethereum networks to the BNB Chain through several cross-chain bridges. Currently, approximately 2.49 million dollars in assets are stranded at the relevant address, remaining inactive.

Payment startup Airwallex founder and CEO Jack Zhang posted, "In 2018, Stripe offered to acquire us for $1.2 billion when our revenue was only $2 million. The valuation given by Stripe was 600 times revenue, and based on the latest Stripe stock price, I personally could have made over $2 billion. But the team rejected it. Today, we have raised $330 million, with a valuation of $8 billion and an annual recurring revenue (ARR) of $1 billion."Earlier reports indicated that Airwallex raised $330 million in its latest funding round, reaching a valuation of $8 billion. According to a statement released on Monday, this valuation is approximately 30% higher than the previous funding round six months ago. This round of financing was led by Addition, with participation from institutions such as Activant, Lingotto, and TIAA Ventures.

According to Bloomberg, the corporate payment and financial platform Airwallex has completed a $330 million funding round at a valuation of $8 billion, led by Addition, with participation from Activant, Lingotto, and TIAA Ventures.In addition, Airwallex stated that San Francisco will become its second global headquarters, with plans to expand the U.S. team to over 400 people in the next year.

ChainCatcher news, the corporate payment and financial platform Airwallex's official website shows that it has opened recruitment for stablecoin-related development positions to build stablecoin infrastructure. This infrastructure will allow customers and internal systems to globally purchase, hold, send, and settle tokenized currencies, supporting global payments and enabling on-chain liquidity and seamless fiat-to-stablecoin conversion.Previously, Airwallex co-founder and CEO Jack Zhang questioned the actual use of stablecoins in a post on the X platform. He stated: Investors constantly ask me questions about stablecoins and how they reduce foreign exchange costs; if you transfer money from USD to EUR, and the recipient still needs to receive EUR in their bank, I don't see any way stablecoins can reduce costs— the conversion cost from stablecoins to the receiving currency is far higher than the foreign exchange interbank market. Cryptocurrency technology is an underappreciated field, and we have not seen any use cases for cryptocurrency technology in the past 15 years.

ChainCatcher news, Airwallex co-founder and CEO Jack Zhang posted on the X platform: The time has come to short Circle. Jack Zhang previously expressed doubts about the practicality of stablecoins in mainstream currency cross-border transactions, stating concerns regarding their usability.U.S. stock trading data shows that Circle's stock price rose to over $210 this Monday, achieving a nearly 40% increase in a single day, with a market capitalization exceeding $48 billion.

ChainCatcher news, Airwallex co-founder and CEO Jack Zhang questioned the practical use of stablecoins in a post on the X platform.He stated: Investors constantly ask me questions about stablecoins and how they reduce foreign exchange costs; if you transfer money from USD to EUR, and the recipient still needs to receive EUR in their bank, I don't see any way stablecoins can reduce costs— the conversion cost from stablecoins to the receiving currency is far higher than the foreign exchange interbank market. Cryptocurrency technology is an underappreciated field, and we have not seen any use cases for cryptocurrency technology in the past 15 years.

ChainCatcher news, Ripple partner and Australian fintech company Airwallex announced the completion of a new funding round of $100 million at a valuation of $5.5 billion. This round of financing was participated in by Tencent Holdings Limited, Sequoia Capital China, Lone Pine Capital, Australian Industry Superannuation Fund HostPlus, and a North American pension fund.It is reported that Airwallex's total financing amount has exceeded $900 million. Airwallex allows customers to issue and pay international invoices and bills through its payment platform and joined the Ripple enterprise blockchain network RippleNet in 2017 to leverage the power of blockchain to modernize global payments. As part of RippleNet, the company is also adopting commercial blockchain to provide its customers with a unique global payment experience. Through Airwallex accounts, merchants can securely access a variety of global and local payment methods in a convenient, fast, and cost-effective manner. (Source link)