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AllScale Raises $5M Seed Led by YZi Labs To Build World’s First Self-Custody Stablecoin Neobank

AllScale, a self-custody financial platform for global microbusinesses, has raised $5 million in a Seed round led by YZi Labs, with participation from Informed Ventures, Generative Ventures, and other institutional investors. The company is building a non-custodial neobank that enables instant, borderless stablecoin payments without traditional bank accounts or complex crypto keys. Targeting freelancers, content creators, and SMBs, AllScale uses account abstraction and AI-powered financial tools to offer invoicing, checkout, and payout services. Its platform addresses high fees and slow settlement times in traditional cross-border payments by leveraging blockchain technology while maintaining a user-friendly experience. The company is backed by a veteran team with experience from Binance, OKX, Block, and other major firms, and is an official ecosystem partner of BNB Chain.

TheNewsCrypto12/08 08:22