Crown has raised 13.5 million in fresh capital. The investment came from Paradigm. The funding values the company at 90 million. The raise marks Paradigms first deal in Brazil.
Crown issues BRLV. It is a stablecoin tied to the Brazilian real. Each token is backed by reserves held in Brazilian government bonds. The company says these reserves sit within a structure designed to protect users. The structure aims to shield token holders from potential issuer insolvency.
Crown positions BRLV as a digital representation of the Brazilian currency. It operates on blockchain infrastructure. The firm intends BRLV for financial institutions, fintech platforms, and businesses. These users need a blockchain-based version of the real for payments, settlements, and digital asset operations.
