Overview
- The company closed a $180 million Series B on July 21 that values Augustus at $1 billion and brings total equity raised to roughly $210 million.
- Augustus holds conditional approval from the OCC for a U.S. national bank charter but still needs final OCC sign-off and a Federal Reserve master account before it can clear U.S. dollars directly.
- Its core system, called Marble, links traditional rails such as SWIFT, ACH and SEPA with stablecoin networks to enable 24/7 programmable settlement without issuing a proprietary stablecoin.
- Augustus already runs euro clearing through a Finnish-regulated entity and serves customers including crypto exchange Kraken as it prepares to expand dollar services into Latin America, Southeast Asia, the Middle East and Africa.
- Backers include Tiger Global, Hummingbird and QED plus fintech founders from Nubank, Ramp, Circle and Deel, a signal that investors see owning regulated clearing infrastructure as key to faster cross-border payments.