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Over the last 12 months, the platform's initial product enabling global stablecoin liquidity has scaled from $0 to $3B in total processing volume (TPV) with institutional clients including Rail, Braza Bank, and more
NEW YORK, May 20, 2026 /PRNewswire/ -- Checker, a global network that enables financial institutions to plug into stablecoins and digital asset liquidity, cross-border payments, treasury, and credit via a single API, announced today that it has raised $8M in funding from Galaxy Ventures, Al Mada Ventures, and Framework Ventures. Additional participants include strategic financial institutions, such as Bitso and Airtm in Latin America, DFS Lab in Africa, and Onigiri Capital, SNZ Capital and Velocity in Asia. Additional investors include fintech operators from Stripe, Tala, Flutterwave, Mesh, ComplyAdvantage, Superstate, and more.
While stablecoins and tokenization promise faster, cheaper, and more reliable financial infrastructure, large-scale adoption will require solutions to liquidity fragmentation, operational complexity, and compliance hurdles. To access crypto and stablecoin markets, institutions are often stuck stitching together multiple providers as a makeshift solution, resulting in systems that are difficult to scale and maintain.
Enter Checker. Through the company's single API, financial institutions can launch and scale products spanning trading, payments, treasury, and credit across markets worldwide. The network delivers access to global liquidity, fiat on- and off-ramps, and payment rails, eliminating the need to integrate multiple providers.
"Checker's network has been instrumental to our business. Their plug-and-play infrastructure supercharges our trading and treasury plumbing," said Bhanu Kohli, former CEO and Cofounder of crossborder payments company Rail, which was recently acquired by Ripple.
"We have spent our careers dealing with the existing financial plumbing inside 24/7 global financial institutions. We've experienced how broken it is, and know how much better it can and should be" said Jack Chong, Cofounder of Checker. "This funding allows us to accelerate our mission to enable financial institutions from Brazil and Kenya, to Hong Kong and the United States, to transform how foreign exchange, payments, trading, and investment products are built. We are incredibly grateful for our customers and investors' trust."
Over the past year, Checker has onboarded institutional clients including Rail (acquired by Ripple), Braza Bank in Brazil, and Belo in Argentina, as it scaled to $3B in total processing volume, accounting for around 1% of annual global B2B stablecoin payments volume. Checker's stablecoin processing volume spans 30 customers, which are regulated financial institutions across the US, Europe, Latin America, Africa, and Asia. The Checker network now covers 75 global currencies, powering foreign exchange, collections, payouts, virtual accounts, and trading products worldwide.
"Financial institutions globally are converging on stablecoins as core infrastructure, but fragmentation across liquidity, rails, and compliance slows adoption," said Will Nuelle, General Partner at Galaxy Ventures. "Checker is building the connective tissue that brings market participants together into a unified platform."
"The friction points in fiat on-ramps and off-ramps remain the hardest problem to solve. Checker addresses this with a novel orchestration layer that organizes fragmented stablecoin liquidity into a programmable, compliant network," said Omar Laalej, General Partner at Al Mada Ventures. "With their customer bases growing rapidly across the emerging markets, especially Africa, we didn't hesitate to back this exceptionally lean, top-tier founding team."
With this funding, Checker plans to deepen its global payments coverage to replace traditional correspondent banking dependencies. The team also intends to build out embedded borrowing and lending capabilities that improve capital efficiency and reduce pre-funding requirements for its customers, fully utilizing the just-in-time settlement capabilities of stablecoins. Finally, the firm intends to launch AI-powered agents for treasury management, back-office operations, and predictive analytics, enabling financial institutions to hyperscale their operating efficiencies.
About Checker
Checker unifies the fragmented digital assets markets for financial institutions globally.
The network enables financial institutions to plug into stablecoins and digital asset liquidity, cross-border payments, treasury, and credit via a single API. More than 30 regulated financial institutions, from B2B payments providers, remittance companies, FX banks, to trading firms, now work with Checker to access global efficient and reliable stablecoin FX liquidity, named accounts, and payment rails without stitching together multiple providers.
Founded by operators with experience across trading, treasury, and financial infrastructure, Checker's network coverage spans across the United States, Europe, Latin America, Africa, and Asia. Checker is also backed by leading investors and financial institutions including Galaxy Ventures, Al Mada Ventures, Framework, Bitso, Airtm.
Over the last 12 months, the platform's initial product enabling global stablecoin liquidity has scaled from $0 to $3B in total processing volume (TPV) with institutional clients including Rail, Braza Bank, and more
NEW YORK, May 20, 2026 /PRNewswire/ -- Checker, a global network that enables financial institutions to plug into stablecoins and digital asset liquidity, cross-border payments, treasury, and credit via a single API, announced today that it has raised $8M in funding from Galaxy Ventures, Al Mada Ventures, and Framework Ventures. Additional participants include strategic financial institutions, such as Bitso and Airtm in Latin America, DFS Lab in Africa, and Onigiri Capital, SNZ Capital and Velocity in Asia. Additional investors include fintech operators from Stripe, Tala, Flutterwave, Mesh, ComplyAdvantage, Superstate, and more.
While stablecoins and tokenization promise faster, cheaper, and more reliable financial infrastructure, large-scale adoption will require solutions to liquidity fragmentation, operational complexity, and compliance hurdles. To access crypto and stablecoin markets, institutions are often stuck stitching together multiple providers as a makeshift solution, resulting in systems that are difficult to scale and maintain.
Enter Checker. Through the company's single API, financial institutions can launch and scale products spanning trading, payments, treasury, and credit across markets worldwide. The network delivers access to global liquidity, fiat on- and off-ramps, and payment rails, eliminating the need to integrate multiple providers.
"Checker's network has been instrumental to our business. Their plug-and-play infrastructure supercharges our trading and treasury plumbing," said Bhanu Kohli, former CEO and Cofounder of crossborder payments company Rail, which was recently acquired by Ripple.
"We have spent our careers dealing with the existing financial plumbing inside 24/7 global financial institutions. We've experienced how broken it is, and know how much better it can and should be" said Jack Chong, Cofounder of Checker. "This funding allows us to accelerate our mission to enable financial institutions from Brazil and Kenya, to Hong Kong and the United States, to transform how foreign exchange, payments, trading, and investment products are built. We are incredibly grateful for our customers and investors' trust."
Over the past year, Checker has onboarded institutional clients including Rail (acquired by Ripple), Braza Bank in Brazil, and Belo in Argentina, as it scaled to $3B in total processing volume, accounting for around 1% of annual global B2B stablecoin payments volume. Checker's stablecoin processing volume spans 30 customers, which are regulated financial institutions across the US, Europe, Latin America, Africa, and Asia. The Checker network now covers 75 global currencies, powering foreign exchange, collections, payouts, virtual accounts, and trading products worldwide.
"Financial institutions globally are converging on stablecoins as core infrastructure, but fragmentation across liquidity, rails, and compliance slows adoption," said Will Nuelle, General Partner at Galaxy Ventures. "Checker is building the connective tissue that brings market participants together into a unified platform."
"The friction points in fiat on-ramps and off-ramps remain the hardest problem to solve. Checker addresses this with a novel orchestration layer that organizes fragmented stablecoin liquidity into a programmable, compliant network," said Omar Laalej, General Partner at Al Mada Ventures. "With their customer bases growing rapidly across the emerging markets, especially Africa, we didn't hesitate to back this exceptionally lean, top-tier founding team."
With this funding, Checker plans to deepen its global payments coverage to replace traditional correspondent banking dependencies. The team also intends to build out embedded borrowing and lending capabilities that improve capital efficiency and reduce pre-funding requirements for its customers, fully utilizing the just-in-time settlement capabilities of stablecoins. Finally, the firm intends to launch AI-powered agents for treasury management, back-office operations, and predictive analytics, enabling financial institutions to hyperscale their operating efficiencies.
About Checker
Checker unifies the fragmented digital assets markets for financial institutions globally.
The network enables financial institutions to plug into stablecoins and digital asset liquidity, cross-border payments, treasury, and credit via a single API. More than 30 regulated financial institutions, from B2B payments providers, remittance companies, FX banks, to trading firms, now work with Checker to access global efficient and reliable stablecoin FX liquidity, named accounts, and payment rails without stitching together multiple providers.
Founded by operators with experience across trading, treasury, and financial infrastructure, Checker's network coverage spans across the United States, Europe, Latin America, Africa, and Asia. Checker is also backed by leading investors and financial institutions including Galaxy Ventures, Al Mada Ventures, Framework, Bitso, Airtm.
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
Checker Raises $8M from Galaxy Ventures, Al Mada Ventures and Framework Ventures to Unify Fragmented Digital Asset Markets for Institutions
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STOCKHOLM, May 20, 2026 /PRNewswire/ -- Casper Ruud is returning to the Bybit Stockholm Open, this time at the center of Bybit EU's growing Nordic presence.
The Norwegian tennis star and defending Stockholm Open champion has confirmed his participation in the 2026 tournament, marking one of the first major moments of Bybit EU's title sponsorship of the historic ATP 250 event in Stockholm.
Widely regarded as one of Scandinavia's most recognized athletes, Ruud has reached three Grand Slam finals during his career.
"Stockholm is a special place for me. Winning here last year was one of the highlights of my season, and I'm excited to come back and defend my title," said Ruud.
For Bybit EU, the sponsorship of the Bybit Stockholm Open reflects a broader push into the Nordic region through sport, lifestyle, and fan engagement.
"Having Casper Ruud return to the Bybit Stockholm Open is a huge moment for us and for tennis fans across the Nordics," said Gustav Buder, Region Partner Nordic at Bybit EU.
The partnership is part of Bybit EU's wider European expansion under the MiCAR regulatory framework, combining premium sports experiences with a new generation of digital financial products and fan activations.
Held annually at Stockholm's Royal Tennis Hall, the Stockholm Open is one of Europe's longest-running professional indoor tournaments. Bybit EU joins as title sponsor in 2026, with Ruud returning as defending champion after winning the title last year.
Bybit EU is introducing a range of exclusive tournament experiences and rewards for users, more information is available here https://www.bybit.eu/en-EU/promo/campaign/bybitstockholmopen
#BybitEU | #NewFinancialPlatform
About Bybit EU
Bybit EU GmbH is an Austrian Crypto-Asset Service Provider (CASP) authorized under the Markets in Crypto-Assets Regulation (MiCAR) in Austria. Bybit EU serves customers across the entire European Economic Area (EEA) – with the exception of Malta – via the bybit.eu platform.
Bybit EU GmbH is authorized to offer the following services:
- custody and administration of crypto-assets on behalf of clients;
- exchange of crypto-assets for funds;
- exchange of crypto-assets for other crypto-assets;
- placing of crypto-assets; and
- transfer services for crypto-assets on behalf of clients.
Bybit EU GmbH is neither the operator of a trading platform for crypto-assets nor provides investment advice.
Media Contact: press@bybit.eu
www.bybit.eu
Disclaimer: This press release is provided for informational purposes only and does not constitute investment advice or an offer to buy or sell digital assets. The products and services mentioned herein are subject to applicable laws and regulations in the relevant jurisdictions and may not be available in certain regions.
STOCKHOLM, May 20, 2026 /PRNewswire/ -- Casper Ruud is returning to the Bybit Stockholm Open, this time at the center of Bybit EU's growing Nordic presence.
The Norwegian tennis star and defending Stockholm Open champion has confirmed his participation in the 2026 tournament, marking one of the first major moments of Bybit EU's title sponsorship of the historic ATP 250 event in Stockholm.
Widely regarded as one of Scandinavia's most recognized athletes, Ruud has reached three Grand Slam finals during his career.
"Stockholm is a special place for me. Winning here last year was one of the highlights of my season, and I'm excited to come back and defend my title," said Ruud.
For Bybit EU, the sponsorship of the Bybit Stockholm Open reflects a broader push into the Nordic region through sport, lifestyle, and fan engagement.
"Having Casper Ruud return to the Bybit Stockholm Open is a huge moment for us and for tennis fans across the Nordics," said Gustav Buder, Region Partner Nordic at Bybit EU.
The partnership is part of Bybit EU's wider European expansion under the MiCAR regulatory framework, combining premium sports experiences with a new generation of digital financial products and fan activations.
Held annually at Stockholm's Royal Tennis Hall, the Stockholm Open is one of Europe's longest-running professional indoor tournaments. Bybit EU joins as title sponsor in 2026, with Ruud returning as defending champion after winning the title last year.
Bybit EU is introducing a range of exclusive tournament experiences and rewards for users, more information is available here https://www.bybit.eu/en-EU/promo/campaign/bybitstockholmopen
#BybitEU | #NewFinancialPlatform
About Bybit EU
Bybit EU GmbH is an Austrian Crypto-Asset Service Provider (CASP) authorized under the Markets in Crypto-Assets Regulation (MiCAR) in Austria. Bybit EU serves customers across the entire European Economic Area (EEA) – with the exception of Malta – via the bybit.eu platform.
Bybit EU GmbH is authorized to offer the following services:
- custody and administration of crypto-assets on behalf of clients;
- exchange of crypto-assets for funds;
- exchange of crypto-assets for other crypto-assets;
- placing of crypto-assets; and
- transfer services for crypto-assets on behalf of clients.
Bybit EU GmbH is neither the operator of a trading platform for crypto-assets nor provides investment advice.
Media Contact: press@bybit.eu
www.bybit.eu
Disclaimer: This press release is provided for informational purposes only and does not constitute investment advice or an offer to buy or sell digital assets. The products and services mentioned herein are subject to applicable laws and regulations in the relevant jurisdictions and may not be available in certain regions.
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
Casper Ruud Returns to Stockholm as Bybit EU Expands Across the Nordics
