AllScale, a fintech startup based in Hong Kong, recently announced the successful closure of a $1.5 million funding round. The funding was secured with the goal of making stablecoin solutions more accessible and compliant for small businesses. AllScale aims to address the challenges that have historically prevented small and medium-sized businesses (SMBs) from utilizing cryptocurrency-based payment systems, positioning itself as a solution for the “last mile” of enterprise stablecoin adoption.
The funding round attracted a diverse group of investors, including DraperDragon, Amber Group, Y2Z Capital, KuCoin Ventures, Oak Grove Ventures, Blockbooster, and Movemaker. AllScale is also a member of the Hong Kong Cyberport Incubation Program, indicating support from institutional entities for the development of technology in the region.
The timing of the funding round aligns with what AllScale refers to as favorable regulatory developments. The US Senate recently passed the GENIUS Act in June 2025, while Hong Kong’s Stablecoin Ordinance is scheduled to come into effect in August. These regulatory changes could provide clearer frameworks for small businesses to operate stablecoin solutions within.
AllScale’s founding team brings together individuals with experience from established fintech and crypto companies such as Kraken, Block (formerly Square), Capital One, OKX, and TikTok. The company highlights that while stablecoin infrastructure has advanced in areas like issuance, payment channels, AML, and fiat on/off ramps, significant barriers still exist for traditional businesses looking to adopt cryptocurrency-based payment systems.
The company’s product suite includes stablecoin invoicing, social commerce capabilities, and payroll management. The social commerce feature enables businesses to sell directly through messaging platforms like Telegram, Line, and WhatsApp, with integrated contract and payment management. The invoicing system allows businesses to send stablecoin-based invoices through simple links, while the payroll tool offers intuitive payroll management, allowing businesses to track staff payment status and frequency. All products include built-in AML compliance and on/off-ramp functionality to address regulatory concerns related to cryptocurrency adoption by traditional businesses.
AllScale promotes several benefits of stablecoin solutions for small businesses, such as 24/7 global payment capabilities with minimal fees, value stability through USD pegging, accessibility for unbanked populations, and programmability for AI-driven commerce applications. However, the company acknowledges the complexity of the cryptocurrency payments market, including regulatory uncertainty and technical challenges around user experience and compliance.
The company hosted the Scale Stablecoin Summit in Hong Kong on June 26, 2025, showcasing its efforts to establish industry connections and demonstrate leadership in the sector. AllScale describes its offering as a comprehensive solution for stablecoin scenarios, emphasizing compliance and security features. The platform integrates various aspects of the stablecoin payment chain, from initial transaction processing to final settlement.
As the stablecoin market continues to grow, AllScale’s approach of providing managed stablecoin solutions for small businesses addresses a genuine market need. The success of the company will depend on factors such as execution, compliance, user experience, and regulatory landscape. Operating from Hong Kong gives AllScale access to the Asia-Pacific markets while navigating evolving regulatory frameworks for digital assets, including the upcoming Stablecoin Ordinance.
In conclusion, as stablecoin infrastructure evolves, tools that bridge traditional business operations with crypto systems could see increased demand, especially for cross-border payments where conventional banking methods are costly and slow. AllScale’s efforts to simplify stablecoin solutions for SMBs could play a significant role in driving adoption and integration of cryptocurrency-based payment systems in the business world.