Yellow Card has secured $40 million in fresh funding from SC Ventures, Sony Innovation Fund, Polychain Capital, Blockchain Capital, and other strategic investors, according to an Aug. 5 statement.

Following the financing, the company’s total equity funding has increased to more than $120 million. The fresh capital will be used to scale Yellow Card’s Global USD Accounts platform and expand stablecoin payment infrastructure across international markets.

Yellow Card provides stablecoin-based payment infrastructure for financial institutions and enterprises. The platform allows banks, fintechs, and corporate clients to hold stablecoins, manage digital treasury operations, transfer assets across major blockchain networks, convert between stablecoins and fiat currencies, and settle payments in more than 50 local currencies through domestic banking and payment rails.

The company delivers these capabilities through enterprise APIs and products such as Global USD Accounts, while also operating a retail platform where consumers can buy, sell, send, and receive stablecoins using local currencies and mobile money.

Yellow Card has built a presence across more than 30 countries, holds licenses or registrations in over 22 jurisdictions, and has processed more than $10 billion in payments across its network. It has also worked with over 100 Tier-1 banks and liquidity providers and partnered with Visa and Mastercard.

The stablecoin infrastructure firm plans to deepen its presence in Latin America and Asia-Pacific, building on the infrastructure already used by enterprise customers.