COINDESK · 2026-11-12 12:05 UTC

UK bank Griffin raises $20 million to expand into stablecoin payments

London-based bank Griffin raised $20 million in a Series B round led by Octagon Partners, with participation from Notion Capital, A+ Ventures, Nordic Ninja and Breega, valuing the company at over $100 million. The funding will go toward reserve services that let businesses incorporate stablecoins and enable onchain cross-border payments on Griffin's banking platform. Griffin received a full U.K. banking license in 2024 and provides banking infrastructure for more than 80 companies, including Uber and Yonder.

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