Augustus raises $180M to build a clearing bank for the AI and stablecoin era

10 hours ago

Augustus, an AI-native clearing bank for stablecoin-era payments, raised $180 million at a $1 billion valuation led by Tiger Global.
The company aims to replace legacy correspondent banking with always-on infrastructure that connects traditional payment systems and stablecoins, without issuing its own stablecoin.
Augustus has conditional OCC approval for a U.S. national bank charter and plans to expand dollar clearing, targeting markets in Latin America, Southeast Asia, the Middle East, and Africa.
The startup already processes billions of euros annually through its regulated entity in Finland for clients like crypto exchange Kraken.
CEO Ferdinand Dabitz envisions all clearing banks offering stablecoin rails within a decade, and highlights the role of programmable money for AI-driven finance.

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