Augustus raises $180 million to build a clearing bank for the AI and stablecoin era
The firm, freshly valued at $1 billion, aims to replace legacy correspondent banking with always-on infrastructure that connects traditional payment systems and stablecoins.
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Summary
- Augustus, a startup building an AI-native, federally chartered clearing bank focused on stablecoin-era payments, raised $180 million at a $1 billion valuation led by Tiger Global.
- Rather than issuing its own stablecoin, Augustus aims to provide infrastructure that moves money across traditional rails and blockchain networks with always-on, programmable settlement.
- The company has conditional OCC approval for a U.S. national bank charter and existing euro clearing operations and plans to expand dollar clearing and add customers in Latin America, Southeast Asia, the Middle East and Africa.
