British banking institution Griffin has secured $20 million in fresh capital to scale its stablecoin offerings, responding to a growing demand among firms focused on traditional finance to connect legacy banking with blockchain settlements.
Spearheaded by Octagon Partners and backed by Notion Capital, A+ Ventures, Nordic Ninja, and Breega, the Series B financing round placed the valuation of the London-based enterprise above $100 million, as detailed in a statement released on Thursday.
The newly acquired capital will empower Griffin to build out reserve management capabilities that help businesses integrate stablecoins while facilitating decentralized cross-border transactions directly on its financial platform.
Consequently, financial technology firms gain the ability to leverage legacy banking capabilities and blockchain-based transaction networks via a unified partner, meeting the requirements of current clients who already utilize stablecoins for international settlements.
Having obtained a complete UK banking authorization in 2024, Griffin currently supplies financial backbone services to upwards of 80 entities, counting prominent names like Uber and reward card service Yonder among its clientele.
Originally published at https://www.coindesk.com/business/2026/11/12/uk-bank-griffin-raises-usd20-million-to-expand-into-stablecoin-payments.
