Checker, a global network simplifying digital asset access for financial institutions, has secured $8 million in funding. The round was led by Galaxy Ventures, Al Mada Ventures, and Framework Ventures to fuel its expansion. This follows a period of rapid growth where the company processed over $3 billion in volume in its first year.
Addressing Financial Infrastructure Fragmentation
Financial institutions view stablecoins as core infrastructure, but adoption is hindered by market fragmentation. Companies often patch together multiple providers for liquidity and payments, creating complex and inefficient systems. These makeshift solutions present considerable barriers to scaling operations globally.
Checker provides a streamlined solution through its single, unified API connecting institutions to the digital asset ecosystem. The network offers access to global liquidity, fiat on-ramps, and diverse payment rails. This eliminates the need for clients to manage multiple integrations, simplifying product launches across trading and treasury.
Demonstrating Significant Market Traction
In just twelve months, Checker has demonstrated remarkable market adoption, scaling its total processing volume from zero to $3 billion. This figure represents about one percent of the annual global B2B stablecoin payments market. The company has successfully onboarded over 30 regulated financial institutions across several continents.
The platform's client roster includes prominent names such as Rail, recently acquired by Ripple, Brazil's Braza Bank, and Belo in Argentina. Bhanu Kohli, former CEO of Rail, praised Checker's "plug-and-play infrastructure" for supercharging their operations. The network now supports transactions across 75 global currencies, powering a wide range of financial products.
Strong Backing from Strategic Investors
The funding highlights strong investor confidence in Checker's mission to unify the digital asset landscape for institutional use. Will Nuelle of Galaxy Ventures described Checker as "the connective tissue that brings market participants together into a unified platform." This reflects a belief in the company's critical role in fostering wider stablecoin adoption.
Omar Laalej of Al Mada Ventures noted that Checker solves friction in fiat on-ramps with its novel orchestration layer. The investment includes strategic partners like Bitso and Airtm, reinforcing its reach in key emerging markets. Co-founder Jack Chong emphasized the team's commitment to fixing the "broken" financial plumbing they experienced firsthand.
A Roadmap for Future Innovation
With the new capital, Checker plans to aggressively expand its capabilities and global footprint. A primary goal is to deepen its payments coverage to offer a robust alternative to traditional correspondent banking. This will further reduce friction and costs for its international client base.
The company will also develop embedded borrowing and lending features to enhance capital efficiency for customers. Furthermore, Checker intends to launch AI-powered agents for treasury management, back-office operations, and predictive analytics. These tools are designed to help financial institutions significantly scale their operational efficiencies.
This $8 million investment marks a pivotal moment for Checker, empowering it to accelerate its mission of building a unified global financial network. By tackling liquidity fragmentation and operational complexity, the company is positioned to become essential infrastructure for the digital asset economy. Its continued innovation promises to transform how institutions approach payments, trading, and treasury management.