Levl, a Galaxy Digital spinout focused on cross border money movement, has raised 7 million dollars in seed funding to expand a platform that integrates traditional banking rails with stablecoin based payments. The round was led by Galaxy Ventures, with participation from several venture firms and strategic angel investors from fintech and digital banking backgrounds.
The startup aims to address inefficiencies in the global payments system by combining fiat infrastructure with blockchain based settlement. According to industry projections, cross border payment volumes could reach 320 trillion dollars by 2032, highlighting the scale of opportunity for platforms seeking faster and lower cost alternatives to legacy correspondent banking networks.
Levl’s platform allows businesses to collect, store, convert and transfer funds internationally using both traditional currencies and major stablecoins such as USDC and USDT. By supporting both fiat and digital dollars within a unified system, the company positions itself as a bridge between established financial institutions and emerging blockchain rails.
Founded in 2023 after being spun out of Galaxy Digital, Levl is led by Jaisel Sandhu, a former foreign exchange trader. The broader team brings experience from global financial institutions and technology firms, including PayPal, Deutsche Bank, London Stock Exchange Group, BlackRock and other major market participants. This background reflects a strategy centered on compliance, operational reliability and integration with existing financial systems rather than replacing them outright.
The company reports that it has already surpassed an annualized transaction volume of 1 billion dollars within four months of operation. Its infrastructure currently supports payouts in more than 75 countries and serves over one million end users indirectly through clients and partners such as mobile wallets, neobanks, remittance providers, brokers and fintech platforms.
Stablecoins have increasingly become part of the conversation around cross border payments due to their ability to settle transactions more quickly than traditional wire systems. By using blockchain networks for final settlement while maintaining access to fiat liquidity and regulatory safeguards, firms like Levl argue they can reduce settlement times, minimize foreign exchange spreads and limit reliance on multiple intermediaries.
The broader stablecoin market has grown significantly in recent years as financial institutions and payment companies explore tokenized dollars for remittances, treasury management and merchant settlement. At the same time, regulatory scrutiny has intensified, prompting platforms to emphasize compliance frameworks and transparency when building new products.
Levl’s pitch centers on removing technical complexity for businesses that want to adopt digital asset rails without managing blockchain infrastructure directly. The company says its system handles backend wallet management, compliance processes and conversion mechanics so that corporate users can focus on payments and treasury operations.
As competition intensifies in the global payments sector, startups blending fiat connectivity with stablecoin settlement are positioning themselves to capture a share of the rapidly expanding cross border market. Levl’s new funding provides capital to scale that model as demand for faster, programmable and globally accessible payment solutions continues to rise.
