# WSPN

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wspn

- Industry: Financial Services
- Headquarters: Central Region, Singapore
- Website: www.wspn.io
- Total disclosed funding: $30M
- Latest round: Seed (Aug 16, 2024)
- Investors on record: 5

## About

Based in Central Region, Singapore, WSPN (Worldwide Stablecoin Payment Network) is a provider of an international payment network leveraging blockchain technology to facilitate seamless real-world payment situations. In August 2024, WSPN raised USD 30 million in seed funding co-led by investors Folius Ventures and Foresight Venture, with participation from investors Hash Global, Generative Ventures, and RedPoint Capital.

WSPN's flagship product is WUSD, a stablecoin designed to maintain parity with the US Dollar. The stablecoin is backed by fiat reserves and provides a reliable medium of exchange for various financial transactions. Other products include WEUR, a stablecoin pegged to the Euro, and WGM, a stablecoin linked to a basket of global currencies. The company also offers Stablewallet, a digital wallet for secure storage and management of stablecoins, and a payment card that allows users to spend their stablecoins. Additionally, WSPN supports transactions across 30 exchanges and operates across 6 public blockchains to ensure cross-chain liquidity.

## Funding rounds

- Seed, Aug 16, 2024, $30M — Foresight Ventures, RedPoint Capital, HashGlobal, Generative Ventures, Folius Ventures

## Investors

- Foresight Ventures (https://capitalatlas.ai/funds/foresight-ventures) — Seed
- RedPoint Capital (https://capitalatlas.ai/funds/redpoint-capital) — Seed
- HashGlobal — Seed
- Generative Ventures (https://capitalatlas.ai/funds/generative-ventures) — Seed
- Folius Ventures — Seed