PANews reported on October 23 that according to The Block, the blockchain-based payment company Borderless.xyz completed a US$3 million Pre-Seed round of financing. This round of financing was led by Amity Ventures, and angel investors included Talos founder Anton Katz and Fireblocks founder Michael Shaulov.

It is reported that Borderless.xyz aims to develop payment infrastructure that allows global fund transactions between stablecoins, real-world assets and other "Internet native currencies" and fiat currencies. The company operates in more than 50 countries and accepts 23 currencies.