Metal Raised Nearly $50 Million in Seed Funding
The startup secured significant backing to build infrastructure for tokenized financial assets and stablecoin payments.
Updated on Oct. 4, 2026 in Startups
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In late June 2026, the financial infrastructure firm Metal successfully closed a seed funding round totaling nearly $50 million. The company focuses on developing technology to support stablecoin payments and tokenized financial products.
Why it matters
Securing substantial early-stage capital allows the firm to scale its specialized infrastructure as demand grows for blockchain-based financial payment solutions. This funding bolsters the company ability to develop tools for the evolving digital asset sector.
Metal secured nearly $50 million in its seed funding round. The total capital represents a significant injection into the firm as it scales infrastructure for tokenized financial products.
The players
Metal
Metal is a financial technology firm building infrastructure for tokenized financial products and stablecoin payments.
Loong Wang
Loong Wang is a co-founder of Metal based in Melbourne who oversees the company strategic development.
Catherine Porter
Catherine Porter is a co-founder of Metal who helps lead the firm in its development of financial payment infrastructure.
Airwallex
Airwallex is a global fintech platform that acted as a joint lead investor in the recent Metal seed funding round.
Capital 49
Capital 49 is an investment firm that served as a joint lead for the recent capital raise for Metal.
The details
Co-founded by Loong Wang and Catherine Porter, the startup is building a specialized backend for stablecoin transactions and tokenized finance. The round was finalized with Airwallex and Capital 49 serving as joint leads.
Timeline
The seed funding round for Metal was completed in late June 2026.
Market Landscape
This investment highlights the increasing focus on the rise of institutional infrastructure for stablecoin payments within the fintech ecosystem. Metal joins a competitive field of startups attempting to bridge the gap between traditional banking and blockchain technology.
The entry of major investors into this space may eventually lead to more stable and accessible digital payment options for consumers. Users of future financial apps might notice faster or more reliable transactions as this infrastructure becomes integrated into mainstream services.
The takeaway
The successful funding of Metal underscores the ongoing venture capital interest in the plumbing of digital finance. Consumers should monitor this sector for potential improvements in the speed and efficiency of cross-border or stablecoin-based transactions.
Further reading
For more information on the current ecosystem of early-stage firms, visit the Startups section.
Source note: This article includes information reported by Australian Financial Review.
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