Metal Secured Nearly $50 Million in Seed Funding

The startup building tokenized payment infrastructure closed its seed round in late June 2026.

Updated on Oct. 4, 2026 in Startups

Metal Secured Nearly $50 Million in Seed Funding

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In late June 2026, infrastructure startup Metal finalized a seed funding round totaling nearly $50 million. The company focuses on developing technology for stablecoin payments and tokenized financial products.

Why it matters

This capital injection highlights growing institutional interest in the underlying plumbing required for tokenized financial services. It provides the firm with significant runway to scale its development of cross-border and stablecoin-based financial architecture.

The firm secured nearly $50 million in its seed funding round. Airwallex and Capital 49 acted as the joint leads for the investment.

The players

Metal

A startup company developing infrastructure for stablecoin payments and tokenized financial products.

Airwallex

A global fintech platform providing payment and financial infrastructure for businesses of various scales.

Loong Wang

A co-founder of Metal who is based in Melbourne.

Catherine Porter

A co-founder of Metal.

Capital 49

A venture investment firm that acted as a joint lead for the recent funding round.

The details

Metal operates by creating infrastructure designed to facilitate stablecoin payments and tokenized assets. By securing these funds from strategic leads, the company plans to advance the technical framework needed for mainstream businesses to integrate blockchain-based financial products into their existing payment flows.

Metal completed its seed funding round in late June 2026.

Market Landscape

This investment follows a broader industry trend of increasing capital allocation toward the backend infrastructure required to make stablecoins a viable tool for corporate treasury. It signals continued institutional interest in building the connective tissue between traditional finance and blockchain assets.

Operators evaluating stablecoin payment integrations should monitor Metal’s infrastructure development to see if it simplifies existing liquidity or regulatory hurdles. Keep a close watch on how these institutional-backed payment rails impact transaction processing costs compared to legacy systems.

The takeaway

The successful seed round for Metal underscores that stablecoin-based financial architecture is attracting serious institutional backing. Business owners should monitor this space for emerging tools that could reduce the costs of international B2B payments.