UK digital bank Griffin raised $20 million in a Series B led by Octagon Partners, valuing the company at more than $100 million. The capital will support stablecoin reserve services and planned onchain cross-border payments.

  • Griffin also plans to expand into branded debit-card issuance, with credit cards to follow.
  • Its platform serves 300,000+ retail and business customers through more than 80 companies, including Uber.
  • These are expansion plans—not a confirmed launch date; Griffin holds a UK banking license granted in March 2024.

The signal is infrastructure, not a new token: regulated banking rails are moving toward stablecoin settlement. Watch for product launches and payment volumes before treating this as a direct crypto-market catalyst.