Telcoin, a blockchain-based financial services company, announced it has raised $25 million in a pre-Series A funding round to launch Telcoin Digital Asset Bank, which is set to become the first regulated blockchain bank in the United States. The funding enables Telcoin to meet capital requirements for its conditionally approved Nebraska Digital Asset Depository Institution charter, advancing the company’s mission to bridge the $4 trillion blockchain economy with traditional banking.
The funding also supports Telcoin’s entry into the stablecoin market with its forthcoming bank-issued e$ “Digital Cash” stablecoin, designed for real-world use cases such as cross-border remittances, direct merchant payments, and on-chain financial services.
Telcoin’s approach aims to differentiate itself from existing non-bank stablecoins by offering a regulated, secure, and fully bank-backed digital dollar that consumers can use seamlessly within both traditional and decentralized financial systems.
The company’s multi-currency eXYZ Digital Cash suite, including the U.S. dollar-based e$, represents a step toward mainstream adoption of blockchain technology for everyday payments and banking.
The Nebraska charter granted to Telcoin is historic—it marks the first U.S. banking license to explicitly authorize connecting customers to decentralized finance (DeFi) under a regulated framework.
The license was made possible by the Nebraska Financial Innovation Act, a landmark piece of legislation that Telcoin helped author and pass in 2021. This regulatory milestone positions Telcoin to deliver stablecoin-based financial services that comply with U.S. oversight while maintaining the speed, transparency, and accessibility of blockchain systems.
Neuner emphasized that the funding round aligns with significant progress in U.S. digital asset regulation, including the passage of the GENIUS Act, which sets standards for stablecoin issuance and governance. He described the investment as a pivotal moment for the company and for the future of digital finance.
Telcoin’s regulatory-first model extends beyond U.S. borders. The company is already licensed in multiple jurisdictions, positioning it to facilitate compliant cross-border remittances and on-chain banking services worldwide. Its global operations, spanning 171 countries, leverage blockchain to modernize remittance infrastructure, reduce transaction costs, and enhance accessibility for unbanked and underbanked populations.
Beyond remittances, Telcoin envisions a future where Digital Cash stablecoins power a new “Internet of Money,” which is a borderless financial network connecting individuals, businesses, and financial institutions through blockchain technology. The company aims to make digital payments, merchant transactions, and financial services faster, cheaper, and more transparent, while ensuring compliance with traditional financial regulations.
Telcoin’s long-term strategy focuses on integrating telecommunications and blockchain technology to expand financial inclusion. As a GSMA member, Telcoin continues to collaborate with mobile operators globally to embed blockchain-based banking tools within existing telecom infrastructures, enabling millions of mobile subscribers to access secure, self-custodial financial services.
KEY QUOTES:
“Telcoin is betting that consumers really just want usable digital dollars, not a bunch of different branded $stablecoins.”
“We’re grateful to have such strong partners backing us as we take this next step. With our first-of-its-kind bank and stablecoin, we’re providing real access to bridge the gaps between traditional banking and decentralized finance. Unlike the offshore or non-bank alternatives in the market today, e$ will give people a regulated, trustworthy way to use digital dollars at scale.”
Paul Neuner, CEO and Founder, Telcoin
“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, Investor
“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, Otter & Co. Capital Holdings
“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, one of the major investors participating in the round
