blackfridge, a Douglas, Isle of Man-based fintech company, secured a pre-A round from FunFairVentures and Gate Ventures.
The amount of the deal was not disclosed.
The company intends to use the expand strategic operations and launch poundtoken, the first British-regulated stablecoinfully backed 1:1 by pound sterling (GBP).
The – blackfridge’sfirst with outside investors – raised a significant amount between the two new partners. A further round is planned for later this year.
Launching in early July, poundtoken (GBPT) is a regulated stablecoin designed to allow for international transactions 24/7, without delays or costly fees. It guarantees holders that they can redeem their currency for GBP at any moment, as every GBPT is backed by one pound sterling. As the first stablecointo be regulated in the British Isles, GBPT will provide a trustworthy cryptocurrency pegged to the British pound.
blackfridgeis is financially regulated and licensed by the Isle of Man Financial Services Authority.
FinSMEs
05/07/2022