Crown Raises $8.1M to Launch BRLV, a BRL-Denominated Stablecoin Backed by Brazilian Government Bonds

Deal Summary

São Paulo-based fintech Crown raised $8.1 million in a funding round led by Framework Ventures, with participation from Valor Capital Group, Coinbase Ventures, Paxos and others to launch BRLV, a tokenized Brazilian real stablecoin backed by government bonds to give institutional investors access to Brazil's high-yield fixed-income market.