Bank & market adoption
UK bank Griffin raises $20M to add stablecoin reserve services
UKSource: Griffin
- Griffin, a UK bank for fintechs and platforms, announced on 12 November 2026 a $20M Series B led by Octagon Partners that values the company at over $100m.
- Griffin said the financing will expand its platform into card issuing and stablecoin services: it is developing reserve capabilities to support businesses operating in the stablecoin market and integrating on-chain cross-border payments capabilities.
- Griffin says its platform powers over 80 companies and serves more than 300,000 underlying retail and business customers.
Why it matters
A licensed UK bank building reserve services for stablecoin businesses targets the reserve-banking and on-chain payments role that issuers need from regulated banks, a segment mid-sized and BaaS banks can compete for.
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More detail
Who is affected
Businesses operating in the stablecoin market and fintechs and platforms building on Griffin.
Key dates
- Griffin announces Series B and stablecoin services plan
What remains uncertain
- No launch date, stablecoins or blockchains are named for the stablecoin services.
Adoption status
- In developmentGriffinReserve capabilities for stablecoin businesses and on-chain cross-border payments
Key facts
- Event
- Product announcement
- Jurisdiction
- UK
- Source
- Griffin
- Source tier
- Tier 2 · Bank / FMI
- Product
- Stablecoin payments
In the database
Institutions
How we verified this
The source says
“Stablecoin services: Developing reserve capabilities to support businesses operating in the stablecoin market and integrating on-chain cross-border payments capabilities.”
“The financing will support Griffin through to profitability as well as the next phase of Griffin’s growth, expanding its agentic banking platform into card issuing and stablecoin services and broadening the infrastructure available to businesses building financial products.”
Verbatim from Griffin, matched word for word against the live page on 13 November 2026.
Sources
- Official institutionalGriffin ↗2026-11-12T2Bank / FMI
Evidence
- Confidence
- Medium The institution’s own statement; quote string-matched. Proves what the institution says, not independent confirmation.
- Quote verified
- 2026-11-13 11:59 UTC
- Archived snapshot
- SHA-256
c2e9d5bffefd888b…· fetched 2026-11-13 · Wayback Machine copy ↗ - Source type
- Official institutional Griffin ↗
Change log (1)
- 2026-11-13 Published
AI-assisted: the summary and analysis were drafted with AI from the primary source and checked by the editors. AI-drafted from the primary source; quote string-matched against the live source page.
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