Crown has raised $13.5 million in a Series A round led by Paradigm as the São Paulo fintech expands its institutional stablecoin infrastructure and the circulation of its Brazilian real–pegged token, BRLV.
Crown Expands Institutional Stablecoin Push With Paradigm-Led $13.5M FundingAccording to company disclosures, BRLV has reached more than R$360 million (about $67 million) in subscriptions, positioning it as one of the largest local-currency stablecoin efforts in emerging markets. Crown has outlined a long-term target of R$1 trillion in circulating supply, which would represent a high single-digit share of Brazil’s M2 money supply.
Crown claims its design integrates compliance controls, regulated custody arrangements, and an architecture built for institutional settlement. The firm further emphasizes compatibility with Brazil’s Pix instant payment network and the country’s broader Open Finance framework, which has accelerated domestic digital-payment adoption in recent years.
FAQ 🇧🇷 What is Crown?Crown is a São Paulo-based fintech that issues institutional stablecoins backed by Brazilian sovereign bonds. What is BRLV?BRLV is Crown’s Brazilian real-pegged stablecoin, backed 1:1 by government bonds held in a regulated, bankruptcy-remote structure. How does BRLV work?The token provides programmable BRL liquidity and shares a portion of the underlying sovereign bond yield with qualified institutional partners. Why does Crown believe its Series A funding round is significant?The $13.5 million round led by Paradigm supports expanded BRLV development and marks the venture firm’s first investment in Brazil.
