Paradigm Leads $13.5M Round Backing Crown’s Real-Pegged BRLV Stablecoin

Crown has raised $13.5 million in a Series A round led by Paradigm as the São Paulo fintech expands its institutional stablecoin infrastructure and the circulation of its Brazilian real–pegged token, BRLV.

Crown Expands Institutional Stablecoin Push With Paradigm-Led $13.5M Funding

In a note shared with Bitcoin.com News, Crown disclosed it raised $13.5 million in a Series A round led by Paradigm, marking the venture firm’s first investment in Brazil and positioning the São Paulo fintech to scale its real-denominated stablecoin, BRLV.

Crown builds institutional-grade stablecoins backed by Brazilian government bonds, with BRLV pegged 1:1 to the Brazilian real. The token is structured as a fully backed instrument, with reserves held in a bankruptcy-remote model and custodied by regulated financial entities. The company says BRLV is designed to function as programmable BRL infrastructure for banks, fintech platforms, and enterprises seeking onchain exposure to domestic liquidity.

According to company disclosures, BRLV has reached more than R$360 million (about $67 million) in subscriptions, positioning it as one of the largest local-currency stablecoin efforts in emerging markets. Crown has outlined a long-term target of R$1 trillion in circulating supply, which would represent a high single-digit share of Brazil’s M2 money supply.

The real-world-asset (RWA) token is fully backed by Brazilian sovereign debt, including Treasury Financial Bills, giving institutions indirect exposure to local benchmark rates through an onchain model that shares a portion of underlying bond yields with qualified partners. This contrasts with the non-yielding structures typically used by major U.S. dollar stablecoins, relying on cash and T-bills.

Crown claims its design integrates compliance controls, regulated custody arrangements, and an architecture built for institutional settlement. The firm further emphasizes compatibility with Brazil’s Pix instant payment network and the country’s broader Open Finance framework, which has accelerated domestic digital-payment adoption in recent years.

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The company noted on Monday that Paradigm’s participation adds to a roster of existing investors, including Framework Ventures, Valor Capital, Norte Ventures, Coinbase Ventures, Paxos, and Nubank cofounder Ed Wible. The new funding is intended to advance product development, expand integrations with financial institutions, and increase BRLV access for developers building real-denominated applications.

Stablecoins continue to play a significant role in connecting traditional financial (TradFi) infrastructure with digital asset rails, particularly in markets where domestic currency–based instruments remain limited. Brazil, one of the world’s largest crypto markets by participation rate, has seen demand for digital-asset tools outpace traditional equities adoption. BRLV is part of a broader trend in which local-currency stablecoins seek to complement monetary systems rather than rely on dollarization.

Crown said its next steps include deepening institutional partnerships and supporting additional use cases such as payments, treasury management, and cross-border flows tied to Brazilian fixed-income exposure. Despite the attempts of many firms, non-USD stablecoins are an extremely small percentage of the overall stablecoin economy. It’s still an open question whether fiat-pegged tokens tied to anything other than the U.S. dollar can actually thrive.

FAQ 🇧🇷

• **What is Crown?**Crown is a São Paulo-based fintech that issues institutional stablecoins backed by Brazilian sovereign bonds.
• **What is BRLV?**BRLV is Crown’s Brazilian real-pegged stablecoin, backed 1:1 by government bonds held in a regulated, bankruptcy-remote structure.
• **How does BRLV work?**The token provides programmable BRL liquidity and shares a portion of the underlying sovereign bond yield with qualified institutional partners.
• **Why does Crown believe its Series A funding round is significant?**The $13.5 million round led by Paradigm supports expanded BRLV development and marks the venture firm’s first investment in Brazil.