Metal, a blockchain infrastructure startup co-founded by former Meta VP Catherine Porter, raised $45 million in seed funding led by Airwallex founder Jack Zhang.
PRIVATEOct 22, 2026
Amount Raised
$45 Million
Round Type
Seed
BlockchainCryptocurrency
Investors
Airwallex
Description
Metal, a blockchain startup co-founded by Loong Wang and former Meta VP Catherine Porter, has closed a $45 million seed round, making it larger than the average Australian Series B. The round was led by Airwallex founder Jack Zhang, who incubated the company. Metal is building institutional-grade blockchain infrastructure focused on stablecoins, asset tokenization, on-chain compliance, and privacy. The startup aims to address inefficiencies in the global financial system by creating a blockchain that institutions can actually transact on.
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Company Information
Company
Metal
About
Metal is a blockchain infrastructure company founded by Loong Wang and former Meta VP Catherine Porter. It builds a 'blockchain for banking' designed specifically for institutional use, starting with stablecoins infrastructure while also facilitating asset tokenization, on-chain compliance, and privacy. The startup aims to solve inefficiencies in the global financial system by creating blockchain infrastructure that institutions can actually transact on. Metal raised over $45 million in seed funding, led by Airwallex and Capital49.
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