UK bank Griffin raises $20 million to expand into stablecoin payments

Griffin, a London-based UK bank, raised $20 million in a Series B round led by Octagon Partners at a valuation exceeding $100 million to fund its expansion into stablecoin payments. The capital will support the bank's push to integrate stablecoin settlement into its regulated banking stack, positioning it between traditional finance and on-chain payment rails. The raise signals continued investor appetite for regulated crypto-banking hybrids even as token prices remain volatile. What to watch next: whether Griffin discloses stablecoin partners, supported chains and tokens, or transaction volumes, and whether it secures further regulatory approvals to scale payments across jurisdictions.