Mural Series A Tether Funding Secures $15 Million for Stablecoin Cross-Border Platform

Mural, the New York-based fintech formerly known as Mural Pay, closed a $15 million Series A round on October 20, 2026. Tether led the round with participation from North Island Ventures. The funding brings the company’s total capital raised to $28 million since its 2022 seed round of approximately $5.6 million.

Mural Series A Tether Funding Details and Investor Participation

The round was announced around the same date as the company’s rebrand from Mural Pay to Mural, which took place in mid-October 2026. The new name reflects the platform’s expansion beyond payments into broader financial infrastructure. Co-founders Sinclair Toffa, former Palantir engineer and current CEO, and Chris Fernandes, CTO, established the company in 2022. Mural now employs about 34 people and holds a money transmitter license through Mural Networks, Inc. (NMLS #2744530).

Some reports also list Galaxy, DCG, and Firstminute Capital among participants, though investor lists vary slightly across sources. The capital will support platform expansion, compliance enhancements, and scaling enterprise integrations with fintechs and banks. Mural has already processed more than $200 million in volume through partner channels in earlier periods and counts customers such as Deel and Opera.

The investment arrives as stablecoin usage grows for cross-border settlements. Tether’s direct participation underscores interest from stablecoin issuers in infrastructure that handles USDT alongside other assets. The round follows a seed investment in 2022 and positions Mural to compete with traditional payment rails that rely on multiple correspondent banks.

Platform Features for Multi-Currency and Stablecoin Operations

Mural offers a single account and API that lets users hold USD, local currencies including EUR, MXN, BRL, and COP, and stablecoins such as USDT and USDC at the same time. The system supports cross-border pay-ins and payouts, real-time currency conversion, virtual accounts, invoicing, KYC/KYB compliance, and yield features. These tools target payroll providers, software companies, fintechs, and banks that previously needed separate integrations with multiple banks and payment service providers.

By consolidating these functions, the platform reduces operational complexity for businesses handling global payments. It operates on stablecoin rails that enable faster settlement and lower fees compared with traditional wire transfers. The company’s infrastructure also includes built-in compliance controls required for licensed money transmission activities across multiple jurisdictions.

Market observers note that stablecoin-native solutions have gained traction because they bypass legacy banking delays and high correspondent fees. Mural’s approach allows customers to move funds across borders while maintaining access to both fiat and digital asset rails within one interface. The October 2026 funding is expected to accelerate development of additional enterprise features and regulatory licenses.

Industry Context and Expected Platform Expansion

Cross-border payments remain a significant pain point for companies operating internationally due to fragmented banking relationships and varying local regulations. Mural’s unified infrastructure addresses this by combining stablecoin settlement speed with traditional currency support. The company’s customers already include global payroll and software platforms that require reliable multi-currency payouts.

Funding will focus on compliance tooling and enterprise-grade integrations rather than consumer-facing products. Mural continues to operate as a B2B infrastructure provider, serving banks and fintechs that embed its capabilities into their own offerings. No specific timelines for new market entries or product launches have been disclosed in connection with the round.

The transaction reflects ongoing institutional interest in stablecoin infrastructure that meets regulatory standards while delivering measurable cost and speed advantages over legacy systems. Mural’s progress since the 2022 seed round demonstrates demand for platforms that handle both stablecoins and local currencies without requiring separate vendor relationships.