Toronto-based Cybrid has raised $10 million in a Series A round to expand its stablecoin payment infrastructure for banks, remittance firms, and fintech companies. The round was led by BDC Capital’s Growth Venture Fund, with participation from Golden Ventures, Luge Capital, and Panache Ventures.
Bringing Stablecoins to the Business Mainstream
Cybrid’s goal is to make stablecoin-based payments practical for regulated financial institutions. The company’s platform enables instant global transfers using fiat-backed stablecoins, offering faster settlement and lower fees compared to traditional cross-border payment systems.
According to the company, its platform has seen a fivefold increase in transaction volume over the past year as more businesses test blockchain-based settlements for remittances and trade payments.
A Platform Built for Compliance and Integration
Cybrid’s API-first solution allows enterprises to issue, redeem, and integrate stablecoins directly into existing payment flows. The system includes built-in KYC, AML, and transaction monitoring tools, helping institutions stay compliant while operating across 150 countries.
The platform is designed to fit into existing financial infrastructure, giving banks and payment providers the ability to access blockchain efficiency without compromising regulatory standards or customer trust.
Strengthening Canada’s Role in Digital Payments
Cybrid is registered as a payment service provider with the Bank of Canada, positioning it among the few Canadian firms ready to deliver compliant blockchain payment solutions. As Canadian regulators show more openness to digital assets, the company’s timing could help drive broader adoption of stablecoins in mainstream finance.
Investor Confidence in a Growing Market
Investors backing the Series A round cited Cybrid’s proven payments expertise and growing enterprise interest in stablecoin technology. With cross-border payments still plagued by high fees and slow settlement times, they view regulated stablecoin infrastructure as one of the most scalable financial innovations emerging today.
What Comes Next
Cybrid plans to use the new funding to expand operations in North America and accelerate partnerships with banks, remittance platforms, and fintechs. The company’s leadership said the goal is to make stablecoins a trusted, everyday part of global business payments.
As regulatory clarity improves and institutional pilots scale, Cybrid’s technology could help move stablecoins from niche experiments to a standard in enterprise finance.
