A Crown, the issuer of the stablecoin BRLV, confirmed the completion of its Series A with the raising of US$ 13.5 million. The round was led by Paradigm, a cryptocurrency company dedicated to research and supporting projects from early stages. Founded in 2018, Paradigm operates under the premise that the crypto economy promotes one of the most relevant technical and economic transformations of the current generation, influencing the financial system, the concept of money, and the infrastructure of the internet. This is the first investment of the Venture Capital fund in a Brazilian company.

With the new investment, Crown is now valued at US$ 90 million, establishing itself as a reference institutional infrastructure for a secure, transparent, and programmable digital real. The BRLV has already surpassed R$ 360 million in subscriptions, becoming the largest stablecoin in emerging markets.

Stablecoins are digital representations of official currencies, fully backed by reserves, which serve as a basis for payments and settlements on the on-chain layer. In Brazil, this structure needs to exist in real to allow institutions to innovate and operate directly in BRL, without relying on dollarized mechanisms.

Crown has developed exactly this foundation: a digital real fully backed by Brazilian public bonds and total interoperability, connecting Pix, banking systems, and international markets to the on-chain environment with continuous liquidity.

"… We are the first stablecoin in the world to offer holders real guarantees on the reserves that support the token. This ensures legal protection even in extreme scenarios," said John Delaney, CEO and co-founder of Crown.

The company's architecture was created to serve financial institutions, exchanges, and tokenization platforms with standards comparable to those of the banking sector. Delaney adds that, from the beginning, Crown sought traditional partners — such as Atmos Capital and Citrino — to validate that its infrastructure meets institutional requirements.

Marcelo Cabral, partner at Citrino, claims that the manager has been observing the advancement of blockchain for years, but still lacked the necessary structure for scaling. "… The environment has changed with recent regulatory advancements. Crown stands out in this context, uniting a solid team with mature and regulated infrastructure," assessed Cabral.

The founding team includes John Delaney (CEO), a name linked to the crypto market since 2013 and former COO of the fintech Xerpa, as well as a former international finance lawyer at Cleary Gottlieb; Vinicius Correa (Principal Engineer), former Nubank and co-founder of Pipo Saúde; Vitor Makoto (Founding Engineer), former Pipo; and Alex Gorra (Head of Ecosystem), former partner at Brainvest. Recently, the executive team was reinforced with Bruno Passos (COO), former Hashdex, and Tatiana Rezende (CFO), former Nuvemshop. Crown also has legal advice from Pinheiro Neto Advogados and strategic consulting from André Lara Resende, one of the formulators of the Real Plan.

Crown's operation in Brazil began a few months ago with the launch of the BRLV and a seed round of US$ 8.1 million led by Framework Ventures, Valor Capital Group, Coinbase Ventures, Norte Ventures, Paxos, and Edward Wible, co-founder of Nubank. Wible, now a reference in technology and financial infrastructure in Latin America, is on Crown's board and closely follows the company's development from its early steps.

The article Crown raises US$ 13.5 million and receives first investment from Paradigm in Brazil was first seen on BeInCrypto Brazil.