Telcoin, a blockchain-based financial services company, announced that it has raised $25 million in a pre-Series A funding round to capitalize the upcoming Telcoin Digital Asset Bank. The new institution, set to open later this year, will become the first regulated blockchain bank in the United States. The funds also enable Telcoin to meet the capital requirements for its conditionally approved Nebraska Digital Asset Depository Institution charter, placing the company at the intersection of blockchain innovation and traditional banking.
The investment marks a critical milestone for Telcoin as it prepares to launch eUSD, the first regulated, bank-issued U.S. dollar stablecoin designed for real-world applications such as cross-border remittances and direct merchant payments. The company aims to address the growing need for a stable, trustworthy form of digital money in an increasingly fragmented crypto market.
Unlike offshore or non-bank stablecoin issuers, Telcoin’s eUSD—part of its broader eXYZ Digital Cash suite—will be issued under a regulated U.S. banking framework, offering consumers and businesses a safer alternative for on-chain transactions.
Telcoin CEO and founder Paul Neuner emphasized that the funding aligns with the momentum of U.S. digital asset legislation, including the recent GENIUS Act regulating stablecoins. The company views this moment as a turning point in building bridges between traditional financial systems and decentralized finance (DeFi).
The Nebraska charter, which Telcoin helped shape through the 2021 Nebraska Financial Innovation Act, represents the first U.S. banking authorization to connect customers to DeFi protocols under explicit regulatory oversight.
The funding also signals growing investor confidence in Telcoin’s vision of integrating blockchain infrastructure with mainstream finance. One of the round’s major investors, represented by Matt Maser, noted the significance of introducing stablecoins into a banking environment that both institutions and consumers can trust. According to Maser, Telcoin’s approach strengthens the competitiveness of the U.S. financial system while ensuring safer and faster digital transactions domestically and abroad.
Beyond its U.S. operations, Telcoin holds licenses across multiple jurisdictions worldwide as part of its strategy to build a global “Internet of Money.” The company’s initial applications for its Digital Cash stablecoins will focus on cross-border remittances, addressing inefficiencies and high transaction costs in the current international payments landscape. Over time, Telcoin plans to expand into broader banking and payment services, establishing a new on-chain financial standard for global commerce.
Investors such as Tom Kaiman of Otter & Co. Capital Holdings underscored Telcoin’s ambition to redefine digital banking by merging blockchain technology with regulatory compliance. Kaiman highlighted the company’s broader mission to modernize financial access and connectivity on a global scale, positioning Telcoin as a leader in the next evolution of banking.
KEY QUOTES:
“Telcoin is betting that consumers really just want usable digital dollars, not a bunch of different branded USD stablecoins.”
“We’re grateful to have such strong partners backing us as we take this next step. With our first-of-its-kind bank and stablecoin, we’re providing real access to bridge the gaps between traditional banking and decentralized finance. Unlike the offshore or non-bank alternatives in the market today, eUSD will give people a regulated, trustworthy way to use digital dollars at scale.”
Telcoin CEO and founder Paul Neuner
“What excites us about Telcoin is the potential impact right here at home. There’s enormous value in bringing stablecoins into a banking environment that banks and their customers can trust. This isn’t just about faster and safer transactions in Nebraska, but ensuring that the U.S. remains competitive on the global financial stage.”
Matt Maser, who represents one of the large investors joining the round
“Telcoin is redefining what’s possible in banking. This isn’t just about digital money — it’s about reimagining how people everywhere connect to their finances. Telcoin is leading a movement toward a faster, safer, and truly global financial system, and we’re proud to be part of that shift.”
Tom Kaiman, founding principal of Otter & Co. Capital Holdings, who joined the round alongside other community banking investments
