#Hong Kong #Blockchain Technology #Stablecoin Payments #KUN

KUN Secures Major Series A Funding

KUN, recognized as Asia's preeminent platform for stablecoin-based payments and embedded finance, has achieved a remarkable milestone by successfully completing its Series A funding round. This achievement has led to significant capital being raised, surpassing USD 50 million, which is a testament to the trust and ambition investors have in the company's vision.

The funding round saw notable contributions from both existing and new investors. BAI Capital and GSR Ventures, two of KUN's influential backers, decided to increase their stake, reflecting their immense confidence in the company's growth trajectory. Additionally, KUN welcomed two strategic new investors: a conglomerate listed in Hong Kong and Eternium Global, strengthening its financial backing considerably. Since its inception just 20 months ago, KUN has amassed a substantial total fundraising amount, solidifying its first-mover advantage in the competitive landscape of stablecoin payments.

Directions for Future Growth

KUN's strategic vision encompasses the creation of a robust global infrastructure aimed at revolutionizing cross-border payments and financial services. The firm emphasizes compliance, security, and efficiency, making genuine contributions to international economic expansion. In just one year, KUN witnessed an astonishing 200% month-over-month surge in transactions, serving thousands of enterprise-level clients. This impressive growth has positioned KUN as the destination of choice for businesses involved in cross-border transactions.

The company’s ongoing commitment to progress includes a recent partnership with TradeGo, a platform dedicated to facilitating global commodity trade. This collaboration aims to incorporate blockchain-based electronic Bill of Lading (eBL) technology alongside compliance features and stablecoin settlement infrastructure. By delivering what they describe as a “three-in-one” solution, KUN and TradeGo aim to streamline logistics, information exchange, and capital flow to enhance the efficiency and regulatory adherence of large-scale trade transactions.

KUN’s partnership with Eternium Global is another significant aspect of its expansion strategy. By leveraging Eternium's diverse assets across sectors such as logistics, insurance, and energy, the companies plan to develop a Web3-enabled payment ecosystem applicable across various industries. Kent Cai, CEO and CIO of Eternium Global, expressed enthusiasm about this collaboration, highlighting the potential for innovative payment solutions with enhanced efficiency, transparency, and compliance, particularly in rapidly growing markets such as Latin America, the Middle East, and Africa.

Vision for the Future

As KUN continues to innovate, industry experts foresee a transformative shift in the realm of global trade. William Zhao from BAI Capital notes that the landscape is evolving from traditional SWIFT-based transactions to stablecoin-centric cross-border payments facilitated by real-time blockchain clearing systems. This transition is expected to reshape the future of international finance, and KUN is at the forefront of this revolution in Asia.

The compliant-first approach adopted by KUN is a hallmark of its strategy, as it aims to redefine the use of stablecoins in international transactions. Jefferson from GSR Ventures believes in KUN’s potential to become a foundational network layer in global stablecoin settlements.

KUN's efforts resonate well with the views of Chen Yu, Co-Founder of YeePay, who recognizes KUN's ambition of constructing a next-generation digital financial infrastructure rooted in stablecoins. This drive is paving the way for enterprises and emerging markets to thrive.

Louis Liu, KUN's Founder and CEO, articulated plans for utilizing the new funding to bolster research and development in security measures for cross-border transactions, enhance blockchain infrastructure, and fortify compliance mechanisms. As KUN endeavors to align its licensing frameworks in Hong Kong and Singapore with international regulations, the organization is set on a path to establish a harmonious blend of Web2 and Web3 payment networks, further strengthening its operational footprint globally.

In summary, KUN's recent success in securing Series A funding marks a crucial chapter in its journey toward becoming a leader in stablecoin payments and embedded finance solutions, poised to facilitate global economic growth through innovative technology and strategic partnerships.