Latitude raises $35M Series A led by Oak HC/FT for stablecoin on/off ramps and global payouts infrastructure.
DeFi & Yields ·
Latitude closed a Series A funding round of $35 million led by Oak HC/FT, according to reporting on the round. The capital will support the company's development of stablecoin on- and off-ramps alongside infrastructure for global payouts.
Series A represents the first major institutional equity funding milestone for a startup after seed stage, typically involving the sale of preferred shares at a negotiated valuation. In crypto specifically, this funding phase marks the transition from experimental ideas toward regulated infrastructure and institutional-grade products with demonstrated early adoption and revenue potential.
Details on Latitude's specific product roadmap, the identities of other investors in the round, and the company's post-money valuation have not yet been disclosed.