Telcoin has announced the completion of a $25 million pre-Series A funding round to launch a regulated digital asset bank.

BlockBeats News, October 15th, Blockchain-based financial services company Telcoin announced the completion of a $25 million pre-series A funding round to launch a regulated Telcoin digital asset bank, expected to go live later this year.

This funding will also support the issuance of a bank-grade eUSD stablecoin for cross-border remittances and merchant payments. In addition to remittances, Telcoin stated that it is upgrading currency, payment, and banking business technology to a new global on-chain standard.