Metal Secured $50 Million in Seed Funding
The startup is building infrastructure for tokenized financial products and stablecoin payments.
Updated on Oct. 4, 2026 in Startups
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In late June 2026, the financial infrastructure startup Metal completed a seed funding round, raising nearly $50 million. The company aims to facilitate tokenized financial assets and stablecoin-based payment systems.
Why it matters
As traditional finance evaluates blockchain integration, specialized infrastructure providers are attracting significant capital to bridge legacy systems with digital assets.
The firm raised nearly $50 million in capital to support its development of infrastructure for stablecoin payments and tokenized financial products.
The players
Metal
An early-stage infrastructure firm building platforms for tokenized assets and stablecoin payments.
Loong Wang
A co-founder of Metal based in Melbourne who oversees the development of the firm's financial architecture.
Catherine Porter
A co-founder of Metal involved in the strategic direction and operations of the startup.
Airwallex
A financial technology company that acted as a joint lead for the seed funding round.
Capital 49
An investment firm that served as a joint lead for the funding round.
The details
Metal is developing software frameworks that enable the integration of tokenized financial products and stablecoin-based transactions. Tokenization refers to the process of representing real-world assets or financial instruments as digital tokens on a blockchain ledger. This infrastructure is intended to streamline payments and settlement processes for financial entities.
Timeline
Late June 2026: Metal completed its seed funding round.
The Tech Race
Metal is entering a competitive field focused on bridging traditional finance and decentralized ledgers through institutional-grade software. The firm must distinguish its architecture from existing stablecoin settlement layers currently utilized by established financial technology companies.
The impact on end users depends on the deployment of Metal's platform by financial institutions and payment processors. Widespread adoption could eventually reduce transaction costs for cross-border or automated payments.
The takeaway
Metal’s substantial seed round highlights the ongoing demand for reliable plumbing in the tokenized assets market. Observers should track which financial institutions integrate these payment rails into their existing product suites.
Further reading
Learn more about the latest industry activity in the Startups section.
Source note: This article includes information reported by Australian Financial Review.
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