CoinWorld reported on June 17 that the institutional-level cross-border settlement platform XFX announced the completion of a $9.1 million sub-round financing, led by HAUN Ventures, with participation from Castle Island Ventures, Oak HC/FT, MAYA Capital, Coinbase Ventures, Paxos, and Bitso.

According to the introduction, XFX is an institutional-level cross-border settlement platform that supports real-time transparent flow of fiat and stablecoins.