Range protects $30B after $8.3M raise, targeting institutional stablecoin ops. Integrates with 10,000+ banks, clients include Circle and Stellar.
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Range, a treasury management platform built for stablecoins and fiat, has raised $8.3 million in a new funding round. The company said it now protects over $30 billion in assets under management and screens more than $20 billion in monthly payment volume. That is a significant jump from its $2.7 million seed round, which closed in March 2024.
The round was led by Galileo and Robot Ventures, a firm led by Compound Finance founder Robert Leshner. Previous backer Fenbushi Capital also participated. Total known funding now stands at $11 million.
Range integrates with more than 10,000 banks, custodians, and wallets. Its customer list includes Circle, the issuer of USDC, and Noble, a fiat-to-stablecoin onramp. The Stellar Development Foundation also uses the platform.
The platform provides transaction screening and fraud prevention. It also covers portfolio risk monitoring and audit-ready reporting, plus counterparty risk management. Range holds SOC 2 Type II certification and complies with GDPR. Those credentials matter for institutions that need to prove control over digital asset operations.
What does this mean for the broader sector? Treasury management is becoming a bottleneck for stablecoin adoption. Issuers like Circle and fintechs like Noble accumulate stablecoins but have limited tools to manage them alongside fiat in bank accounts. Range bridges that gap by unifying both in one dashboard.
The company originally launched as a security and risk platform for blockchain before pivoting to treasury management. That security heritage may explain its early focus on compliance and integration depth.
Range competes in a space where other players offer partial solutions. Some custodians provide balance tracking but not full reconciliation. Some treasury software handles fiat but not crypto. Range's bet is that institutions want both in one place.
The $8.3 million raise, combined with the existing customer base, suggests the bet is working. The next test will be whether Range can scale its integration network and maintain compliance standards as more banks and fintechs enter the stablecoin space.
Range now protects over $30 billion in assets under management.
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