Yellow Card raises $40M to expand stablecoin rails

Yellow Card closed a $40 million funding round on Aug. 4, 2026, led by SC Ventures, the innovation arm of Standard Chartered, and Sony Innovation Fund, with participation from Polychain Capital, Blockchain Capital and other strategic investors. The round brings the firm’s total equity financing to more than $120 million and targets expansion of its Global USD Accounts product and stablecoin rails into Latin America and Asia Pacific.

Global USD Accounts is an end-to-end dollar account for corporate customers. The product lets firms hold US dollars, manage treasury operations, swap stablecoins and collect or disburse local currencies through domestic payment rails in more than 50 countries. Yellow Card identifies Visa and Western Union as users of the product and lists partnerships with Mastercard, PayPal and Coinbase.

Yellow Card reports it has facilitated more than $10 billion in transactions across its network, up from about $6 billion earlier in 2026. The company supports over 50 currencies and holds licenses, authorizations or registrations in 22 jurisdictions across North America, Europe and Africa.

Chris Maurice, CEO and co-founder, described the investment as ‘a vote of confidence in what we’ve spent years building: the infrastructure that lets global businesses move money without traditional correspondent banking,’ and added ‘the bigger opportunity now is connecting banks themselves to stablecoin rails.’

Investor composition includes both traditional finance and crypto-native backers. Alex Manson of SC Ventures framed the investment around building payment infrastructure and integrating banks with stablecoin rails. Austin Noronha of Sony Innovation Fund cited the company’s application programming interfaces, fiat rails, security posture and regulatory-first approach as reasons for the fund’s participation.

Yellow Card stopped serving retail customers on Jan. 1, 2026, to focus exclusively on business-to-business stablecoin infrastructure for cross-border payments, remittances and institutional treasury services. The company expanded institutional distribution through earlier partnerships, including a Mastercard collaboration across Europe, the Middle East and Africa.

In June, Yellow Card secured anti-money-laundering affiliation in Switzerland to provide European institutional clients with a supervised route into its network. Yellow Card plans to use the new funding to widen geographic coverage, broaden local payment rails, add currency support, fund regulatory approvals and expand stablecoin connectivity. The round closed on Aug. 4, 2026.