Boundary Labs has announced the closing of a $2 million pre-seed funding round led by Galaxy Ventures, with participation from institutional finance partners and angel investors, including VCs BlackWood and FirstBlock Capital. The capital will accelerate the launch of USBD, a stablecoin protocol engineered specifically for financial and blockchain institutions and approved participants that require a new standard of on-chain verifiability in the more than $300 billion stablecoin market.
The New York-based company said the current stablecoin landscape forces institutions to rely on trust in opaque centralized models, off-chain systems, and reserves rather than immediately verifiable products. Boundary’s protocol is built around verifiability as its core product feature, providing institutional counterparties with clear technical documentation and a framework for continuous auditability of reserves and stablecoin performance. Access to the protocol will be facilitated through a dedicated application designed for rigorous KYC and KYB workflows, ensuring only qualifying institutional participants enter the ecosystem during its initial growth phase. Target use cases include treasury management, regulated wrappers, and on-chain collateral for large-scale institutional deployment.
The company has completed a security audit by Cyfrin and is participating in several institutional partnerships to be announced. Following the pre-seed close, Boundary will initiate a Private Placement Campaign to onboard initial institutional partners, with an initial milestone of $100 million in Total Value Locked targeted for 2026. The Boundary Protocol was developed by Boundary Labs International, which is mandated by the Boundary Foundation and Boundary OpCo to lead the design, development, and commercial representation of the project.
KEY QUOTES:
“Boundary represents a proposition that speaks the language of institutional finance. By prioritizing verifiability and partnering with Galaxy Ventures, we are providing the professional-grade infrastructure necessary to reach our initial milestone of $100M in Total Value Locked in 2026.”
Matthew Mezger, Co-Founder, Boundary Labs
“Institutional adoption of stablecoins is not only well underway but already proving its value in real-world use cases. Boundary’s focus on professional participants and its goal to bridge the gap between traditional finance and blockchain makes it a promising player in growing the stablecoin market.”
Danny Slutsky, Investor, Galaxy Ventures
