Crown, the issuer behind the BRLV stablecoin pegged to the Brazilian real, secured a major funding milestone after crypto venture capital firm Paradigm committed thirteen and a half million dollars in a Series A round that valued the company at ninety million dollars. The investment marks Paradigm’s first allocation in Brazil, a market that has rapidly become one of the global centers of digital asset adoption. Crown has grown quickly over the past year and a half by targeting institutional clients seeking a regulated, yield bearing stablecoin linked to one of the world’s highest interest rate currencies. The company’s model relies on full backing through Brazilian government bonds, giving BRLV exposure characteristics similar to local fixed income markets while maintaining the stability properties expected from a fiat linked token. Paradigm cited Crown’s leadership experience and ability to scale liquidity early as driving factors in its decision, emphasizing the strength of network effects created when a stablecoin becomes the primary token for a currency segment.
Crown’s early traction demonstrates the rising demand for emerging market stablecoins that offer more than a simple one to one peg. In Brazil, where the base interest rate stands near fifteen percent, investors are increasingly searching for efficient ways to gain exposure to local yields. Crown designed BRLV’s architecture to capture this dynamic by allowing institutions to hold a stable token backed by higher yielding sovereign bonds while accessing on chain settlement pathways. The company notes that global stablecoin incumbents, particularly those tied to the dollar, offer no yield to partners, creating an environment where a real denominated alternative can gain adoption if it provides both stability and income characteristics. BRLV currently has over three hundred sixty million reais in subscriptions, equivalent to roughly sixty six million dollars, and demand continues to grow among institutions using the token as a form of native carry exposure.
The broader Brazilian market environment is contributing to the strong outlook. The country ranks as one of the largest crypto markets in the world, with more individuals investing in digital assets than equities. Crown’s cofounders structured the business around the belief that stablecoins in high yield markets require both predictable backing structures and institutional grade security standards. This approach has resonated with asset managers, fintech firms, and trading operations exploring alternatives to traditional settlement channels. Crown expects institutional flows to continue driving growth in the near term, with retail adoption forming a longer horizon opportunity as local users become more familiar with real backed stable tokens. The firm’s long term target is ambitious, aiming for one trillion reais in circulation over the next decade, a level representing a notable share of Brazil’s overall money supply.
Paradigm’s investment underscores the increasing attention being directed toward regional stablecoin leaders that can scale liquidity within emerging markets. Crown previously raised eight point one million dollars in a seed round earlier this year, attracting participation from multiple venture firms and strategic investors. With new capital in place, the company plans to expand its liquidity network, strengthen regulatory engagement, and widen institutional on boarding as global interest in yield oriented stablecoins continues to grow.
