UK’s Griffin Bank raises $20M in Series B to expand stablecoin business

UK-based Griffin Bank said it raised $20 million in a Series B funding round led by Octagon Partners, with participation from Notion Capital, A Plus Ventures and Nordic Ninja. The bank was valued at $100 million. Griffin Bank said it plans to use the proceeds to expand its business and improve profitability, while developing stablecoin reserve asset-related services for corporate clients and pursuing on-chain cross-border payment solutions.