Helios participates in Conduit's $36m funding round
Conduit is a cross-border payments platform that uses stablecoins to facilitate international transactions.
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Helios Digital Ventures has participated in the $36 million Series A funding round for Conduit, a cross-border payments platform that uses stablecoins to facilitate international transactions. The round was co-led by Dragonfly and Altos Ventures, with additional contributions from Sound Ventures, Commerce Ventures, DCG, Circle Ventures, and Portage Ventures.
Conduit’s cross-border payment network integrates stablecoins, USD and local currencies, providing businesses with a faster, cheaper, and more reliable alternative to the legacy SWIFT system. Already connected into multiple local banks across North America, Latin America, Europe, Africa, and Asia, Conduit will use the capital to fuel expansion into additional markets and support an even broader range of traditional and digital currencies through its real-time payment rails.
Conduit’s platform facilitates near-instantaneous cross-border transfers via multiple payment channels, spanning USD-denominated networks such as SWIFT, ACH, and FedWire, as well as local systems across Europe, the UK, and countries including China, Hong Kong, Mexico, Brazil, Colombia, Nigeria, and Kenya. Businesses in these regions typically face restricted access to USD, lack of SWIFT connectivity, limited interoperability between stablecoins and local currencies, sluggish settlement times, high fees, and complex regulatory environments. Although stablecoins offer significant advantages for corporate treasury management, most counterparties still prefer invoice settlement in fiat currencies, underscoring the importance of seamless conversion. Conduit addresses this need by enabling clients in these markets to switch between stablecoins and local currencies in real time, streamlining commercial invoice settlement.
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