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KUN, a Hong Kong-based stablecoin payment and embedded finance platform, has completed a Series A funding round with significant oversubscription, bringing its total funding to over $50 million since inception 20 months ago.
The round saw existing investors BAI Capital and GSR Ventures double their commitments, whilst two new strategic investors joined: a Hong Kong-listed conglomerate and Eternium Global, which has diversified assets across logistics, insurance, commodities, energy, and healthcare.
KUN describes itself as Asia's leading stablecoin-based payment platform, serving emerging markets including the Greater Bay Area, Southeast Asia, the Middle East, Africa, and Latin America. The company reports 200% month-on-month transaction growth over the past 12 months whilst serving thousands of enterprise and institutional clients.
The platform operates three core business lines: payments, asset management, and card issuing, offering enterprise accounts, asset management, on/off-ramp solutions, and card issuing services for B2B cross-border e-commerce, commodity trade, entertainment, advertising, and Web3 enterprises.
Louis Liu, Founder and CEO of KUN, said: "KUN will leverage the proceeds from this round to deepen R&D investments in cross-border transaction security, underlying blockchain infrastructure, and wallet technologies, while accelerating upgrades of AI-driven intelligent risk control systems and compliance stacks (KYC/AML/KYT). Simultaneously, we will synergise our existing Hong Kong and Singapore licensing frameworks with global regulatory applications and institution network expansions. By collaborating with ecosystem partners worldwide, KUN aims to build a seamless Web2-Web3 hybrid digital payment network, strengthening its global operational foundation."
The company operates under compliance systems with licences in Hong Kong, Singapore, and Europe. In June 2025, KUN signed a strategic memorandum of understanding with TradeGo, a digital services platform for global commodity trade, to integrate blockchain-based electronic Bill of Lading technology, cross-border compliance capabilities, and stablecoin settlement infrastructure.
Kent Cai, CEO and CIO of Eternium Global, said: "We look forward to unlocking synergistic flywheel effects through this collaboration with KUN. We will bring stablecoin-based payment solutions that are more efficient, transparent, and compliant to our existing global business network, especially in markets with explosive growth potential (Latin America, the Middle East, and Africa). We believe that cross-border payments is the current killer application of Web3 and blockchain technology."
William Zhao, Partner at BAI Capital, said: "What we predicted last year—the transition from SWIFT to stablecoin-based cross-border transfers powered by real-time blockchain clearing—is becoming reality. As the first-mover advantage of licensed stablecoin issuers gradually diminishes, the real opportunity lies in building decentralised financial infrastructure and digital FX circulation networks. KUN is leading the way in Asia, innovating at the intersection of blockchain settlement, e-BL, and stablecoin payments for commodity trade."
Jefferson, Partner at GSR Ventures, said: "KUN's foresight in compliance and its obsessive focus on product experience are redefining how stablecoins can be used in cross-border transactions. We believe KUN has the potential to become Asia's Bridge—a foundational layer in the global stablecoin settlement and payment network."
Chen Yu, Co-Founder of YeePay and Chief Advisor of KUN, added: "KUN is building next-generation digital financial infrastructure anchored in stablecoins. By reconstructing the cross-border payment stack and trust mechanism, KUN is paving the way for emerging markets and global enterprises to scale. This funding marks another milestone in KUN's journey toward globally compliant, intelligent, and unified financial solutions."
