Next Generation Secures $5 Million In Seed Funding To Accelerate Growth
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Next Generation, a fintech firm based in Paris, has announced that it has completed a $5 million seed funding round. The investment came from international backers, including two Cyprus-based companies, an Austrian enterprise, and a well-known entrepreneur from Europe.
The team explained that the funding will help launch its new B2B payment platform, which connects traditional finance and digital assets. The system includes a EUR-pegged stablecoin that follows EU rules under the MiCA framework.
Next Generation Aims To Revolutionize Business Payments With Blockchain
The company said that this stablecoin is set to launch on major exchanges once it receives approval to operate as an Electronic Money Institution. The platform, built on blockchain, removes the need for middlemen and links IBAN accounts with crypto wallets directly. The company has also claimed that it has already received over $10 million in value commitments from financial firms worldwide.
Suren Hayriyan, president of Next Generation, said the company’s platform changes how businesses send and receive money by offering faster and cheaper international payments on one system. He noted that the company will grow not only through development but also through buying other businesses that add value.
Hayriyan shared that the company recently acquired Lugh Financial Services, a digital asset firm from France’s Casino Group. This move, he explained, helps Next Generation meet EU standards for crypto operations.
According to Next Generation, its long-term plan involves buying more specialized firms to solve many challenges at once, including legal compliance, tech setup, and safety checks.
Hayriyan said that these acquisitions cut costs and help the company bring products to market more quickly. He added that this strategy allows the company to gain expert knowledge while offering investors a chance to be part of a strong and flexible system.
Next Generation Wants To Boost EUR-Pegged Stablecoins In Global Finance
According to Hayriyan, combining blockchain with smart purchases is helping the company build a new kind of financial system—one that allows fast, low-cost, and global payments for everyone.
The company pointed out that while EUR-based stablecoins are still a small part of the global stablecoin market, their use is expected to grow. It plans to build on this opportunity and raise more funding to keep expanding.
Next Generation mentioned that stablecoins now account for most crypto transactions and are increasingly used as both a method of sending money and holding value. These coins are often tied to stable assets like fiat currencies, which makes them more reliable than other cryptocurrencies.
The company also pointed out that stablecoins are becoming valuable for people and businesses in countries with unstable monetary systems, offering faster and cheaper transactions than traditional banking.
Next Generation said it expects EUR-pegged stablecoins to play a bigger role going forward, helping support new investment in digital finance and blockchain systems.
