PANews, December 9th - According to PR Newswire, MetaComp, a Singapore-licensed stablecoin cross-border payment and fund management service provider, announced the completion of a $22 million Pre-A round of financing. Investors in this round include Eastern Bell Capital, Noah, Sky9 Capital, Freshwave Fund, and Beingboom Capital, with 100Summit Partners serving as the exclusive financial advisor.

The new funding will be used to accelerate the expansion of its StableX Network, which integrates SWIFT with multiple stablecoin networks to provide businesses with a real-time cross-border settlement layer. MetaComp holds a Major Payments Institution license issued by the Monetary Authority of Singapore, and its stablecoin payment business has a monthly transaction volume exceeding US$1 billion, covering more than 30 markets. The company plans to deepen its business presence in Southeast Asia, South Asia, and the Middle East.