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Novatti Group ( (AU:NOV) ) has provided an announcement.
Novatti Group Limited announced that AUDC Pty Ltd, the issuer of the AUDD stablecoin, has successfully raised $5 million in a Pre-Series A round, increasing Novatti’s interest in AUDC to $16 million. This funding round, which attracted a major global institutional investor, underscores AUDC’s credibility and strengthens its market position. Novatti’s 45% stake in AUDC positions it to benefit from future growth in the adoption of AUDD, which has already achieved significant milestones such as $1 billion in transactions on the Stellar blockchain and a strategic partnership with Coinbase.
More about Novatti Group
Novatti Group Limited is a leader in the payments industry, bridging traditional payments and regulated digital finance. Established in 1995, Novatti offers comprehensive payment solutions, catering to fintechs and corporates with online, in-person, international, and card payment services.
Average Trading Volume: 636,295
Technical Sentiment Signal: Sell
Current Market Cap: A$19.33M
For an in-depth examination of NOV stock, go to TipRanks’ Overview page.