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Event File FINTECH Stablecoins

Augustus Raises $180 Million for AI, Stablecoin Clearing Bank

4 reports · First detected 2026-07-22 · Last active 2026-07-22

Augustus, formerly known as Ivy and founded in 2022, is targeting correspondent banking, the network of institutions that clears cross-border payments and gives overseas financial firms access to dollars. The Office of the Comptroller of the Currency conditionally approved Augustus Bank, N.A. as a full-service national bank on May 12, 2026. The charter is central to its plan to connect dollar accounts and legacy rails with blockchain networks, offering real-time, 24/7 settlement and programmable workflows for fintechs, banks and AI agents.

Augustus said on July 21, 2026, that it raised $180 million in a Series B led by Tiger Global, valuing the company at $1 billion. Hummingbird, QED and the founders of Nubank, Ramp, Circle and Deel participated, taking total funding to $210 million. The company plans to invest in Marble, its proprietary core banking platform, and expand services across Latin America, Southeast Asia, the Middle East and Africa. Its API-first system supports SWIFT, ACH, SEPA and stablecoin transactions, while using AI in back-office operations to accelerate settlement and maintain 24/7/365 availability.

All Coverage

4 original reports
FINEXTRA.COM 2026-07-22
Augustus secures $180 million Series B
FINTECHFUTURES.COM 2026-07-22
Augustus achieves unicorn status with $180m Series B
THEBLOCK.CO 2026-07-22
Augustus raises $180 million Series B at $1 billion valuation to build the ‘Global Dollar Bank’
COINDESK.COM 2026-07-21
Augustus raises $180 million to build a clearing bank for the AI and stablecoin era

The Backstory

The history behind this event
Augustus Wins Conditional OCC Approval for AI and Stablecoin Bank2026-05-21 · 2 reports · similarity 0.88

Augustus, formerly the cross-border payments company Ivy, is backed by Peter Thiel's Valar Ventures and already operates a banking business in Europe. It argues that traditional correspondent banking is effectively shut for about 115 days a year and takes two days to settle transactions. Augustus aims to use AI and stablecoins to build round-the-clock clearing infrastructure that directly serves machine agents.

The U.S. Office of the Comptroller of the Currency conditionally approved the establishment of Augustus National Bank, N.A. on May 8, 2026, and the company announced the decision on May 11. The bank plans to offer instant, programmable clearing in major Western currencies. Its initial capital has not been disclosed, and it cannot open until it meets the OCC's capital, governance and risk-management requirements.

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