SC Ventures and Sony Innovation Fund Lead $40 Million Funding Round for Yellow Card

Stablecoin infrastructure provider Yellow Card has successfully closed a $40 million funding round, bringing its total financing to more than $120 million. The investment was led by prominent backers including SC Ventures by Standard Chartered and Sony Innovation Fund, alongside Polychain Capital and Blockchain Capital. This capital injection is intended to accelerate the company's expansion beyond its African roots into broader emerging markets across Asia-Pacific, Latin America, and Europe.

Yellow Card, a leading stablecoin infrastructure provider, announced the completion of a $40 million funding round, which elevates its total raised capital to over $120 million. The round saw participation from a diverse group of institutional investors, most notably SC Ventures—the innovation arm of Standard Chartered—and Sony Innovation Fund. Other key contributors included Polychain Capital and Blockchain Capital, signaling strong venture capital interest in the intersection of digital assets and emerging market financial infrastructure.

The fresh capital is earmarked for significant geographic expansion, as Yellow Card looks to move beyond its established African presence into the Asia-Pacific (APAC), Latin America (LATAM), and EMEA regions. Austin Noronha, managing director of Sony Ventures-US, highlighted that the investment will specifically help the firm deepen its reach in Asia-Pacific by leveraging its web3 technology stack. The company aims to provide the necessary infrastructure layer for emerging markets to move money faster and more reliably at a global scale, utilizing a regulatory-first approach combined with robust APIs and deep local fiat rails.

From a broader financial services perspective, Yellow Card’s mission involves modernizing payments by connecting traditional banks to stablecoin rails, effectively bypassing the limitations of traditional correspondent banking. CEO and co-founder Chris Maurice emphasized that this infrastructure allows global businesses to move money with the speed of the internet, unlocking dollar access for millions of enterprises previously underserved by legacy systems. Alex Manson, CEO of SC Ventures, noted that the adoption of stablecoins depends on such robust infrastructure and real-world utility, positioning Yellow Card as a critical bridge between traditional finance and the next generation of digital money.