Overview
- Augustus raised $180 million in a Series B led by Tiger Global on July 21, valuing the company at $1 billion and bringing total equity funding to about $210 million.
- The firm received conditional OCC approval for a U.S. national bank charter in May and is pursuing final approval and a Fed master account so it can hold deposits, lend, carry FDIC insurance, and clear dollars itself.
- Augustus’s Marble core platform connects traditional rails like SWIFT, ACH, SEPA and Fedwire with stablecoin networks, and the company says Marble already processes billions in volume for clients including Kraken.
- Investors in the round include Tiger Global, Hummingbird, QED and fintech founders from Nubank, Ramp, Circle and Deel, signaling strong support from both crypto and mainstream finance figures.
- Augustus plans to use the new capital to scale dollar clearing and add customers across Latin America, Southeast Asia, the Middle East and Africa to address slow, business‑hours correspondent banking by enabling always‑on, programmable settlement.