For decades, moving money across borders has remained strangely stuck in the past. A text message can circle the globe instantly, yet when institutions need to settle large international transactions, the process can still feel slow, fragmented, and weighed down by intermediaries.
That disconnect is exactly what Miami-based Global Settlement Network (GSX) is trying to fix.
This week, the company announced an $11 million pre-seed financing round at a valuation exceeding $100 million, alongside more than $125 million in committed settlement liquidity aimed at helping the company move into live operations across international financial corridors.
The round was led by Prevail Venture Capital, with participation from Outliers VC, Edgecase Capital, an a16z scout fund, and strategic investments from Ubuntu Group and Liquidus Capital.
But the bigger signal may be what GSX is betting on: that the future of global finance will require entirely new settlement infrastructure built around digital assets, tokenized assets, and regulated stablecoins.
“Cross-border settlement remains one of the most important unsolved problems in global finance,” said Danny Goodman, managing partner of Global Settlement Markets, GSX’s market-making and corridor liquidity subsidiary.
Goodman continued: “By combining institutional liquidity, commodity-linked settlement, and stablecoin infrastructure, Global Settlement Markets is focused on making global value transfer faster, more reliable, and more capital efficient.”
The startup sits at the intersection of several trends colliding across finance. Banks are exploring stablecoins, governments are studying digital currency systems, and asset managers are increasingly talking about tokenization. Meanwhile, international businesses continue searching for faster and cheaper ways to move capital globally.
Miami has become a focal point for companies disrupting the staid cross-border payment landscape thanks to our deep ties to Latin America and the billions of dollars flowing through remittances and trade each year.
GSX believes the answer to the cross-border conundrum is not simply another crypto product. Instead, the company is building what it describes as institutional-grade settlement rails designed for regulated financial players.
“This financing gives us the strategic capital and partner network to accelerate our work with banks, governments, stablecoin issuers, liquidity providers, and market participants that need faster, more transparent cross-border settlement,” said Global Settlement Network CEO Ryan Kirkley, who co-founded the company with Kyle Sonlin.
Part of that effort includes a $100 million gold-backed stablecoin allocation led by Ubuntu Group, which will flow through Global Settlement Markets, the company’s liquidity and market-making subsidiary.
“Ubuntu Group is pleased to participate strategically with Global Settlement as it develops infrastructure for cross-border settlement and commodity-linked liquidity,” said its CEO, Mamadou Kwidjim Touré. “We believe institutional-grade settlement infrastructure will be critical to the next phase of digital finance adoption.”
GSX’s rise also reflects Miami’s continued push to position itself as a global fintech and digital asset hub. While much of the crypto hype from earlier years has faded (with the exception of all those Consensus memes, of course), many startups shifted toward infrastructure, compliance, and institutional tools rather than speculation.
Prevail Ventures’ managing partner, Kerry Lawing, points to GSX as an example of one of those serious, institutional-grade companies. “We believe Global Settlement has the opportunity to become a foundational layer for all monetary transactions.”
That may sound ambitious. But rebuilding the systems underneath global finance was never going to be a small idea.
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