Stablecoin compliance startup Range closes $8.3 million Series A funding

CoinFeed June 18 news, according to The Block, stablecoin compliance startup Range has completed an oversubscribed $8.3 million Series A funding round, bringing total funding to $11 million. This round saw participation from traditional fintech funds TX Ventures, SixThirty, and crypto VCs Maven 11 Capital, Onigiri Capital, among others. Range provides a unified platform for institutions using both stablecoins and fiat currencies. Its core products include: first, Unify, which integrates bank accounts, custodians, wallets, and exchanges into a real-time ledger system, currently safeguarding over $30 billion in client assets and connecting to more than 10,000 institutions; second, Protect, a pre-transaction control layer that screens on-chain transactions for sanctions, fraud, compliance, and internal control rules.