Gauntlet Secures $125M from SBI to Supercharge Stablecoin Adoption

Digital asset risk and optimization firm Gauntlet has secured $125 million in funding from SBI Holdings, further establishing its presence in the institutional DeFi space. The Series C round is expected to enable the company to expand stablecoin support and develop new on-chain products for institutional users.

The funds will be used to broaden the coverage of stablecoins beyond USD and EUR, with an emphasis on regulated currencies like the Japanese Yen (JPY) and Mexican Peso (MXN). Gauntlet currently manages over $1.5 billion in assets across its vaults and works with more than 150 fintech companies and financial institutions.

The CEO of Gauntlet, Tarun Chitra, believes that tokenized vaults could become as transformative for DeFi as exchange-traded funds were for traditional equity markets. SBI Holdings sees this investment as a long-term strategy to bring traditional finance and blockchain finance markets together.