Jelena Djuric, Co-Founder

We’re thrilled to announce our $15 million Series A.

Since launching just over a year ago, Noble has become the asset issuance platform of choice for stablecoin issuers looking to go directly to blockchain builders and application developers. Noble has facilitated over $5 billion in volume in its first year and has attracted over $450 million of assets issued from the likes of Circle, Ondo Finance, Hashnote Labs, and Monerium. This is just the beginning!

What started as an idea to improve stablecoin UX for asset issuers grappling with the complexity of a multichain environment (i.e., where each “app” runs its own blockchain) has become a solution that connects over 50 applications with a 1-click UX workflow for stablecoins under the hood. 

Origin Story

In 2022, the collapse of Terra’s UST removed billions of dollars of USD-denominated liquidity from the crypto ecosystem. I saw the carnage first hand – developers of application-specific blockchains (“appchains”) struggled to build scalable businesses with dried-up stablecoin liquidity, a lack of on and off ramps and the complexity, cost and fragmentation of competing custodial bridging solutions.  

It became clear the status quo for stablecoin routing wouldn’t work in a highly fragmented crypto economy driven by many appchains. So I co-founded Noble with Stefan Coolican and John Letey and we set out to create a stable, secure and durable asset issuance platform that would make blue chip stablecoin issuers comfortable with the appchain ecosystem. 

Our backgrounds in operating a public company, shipping cutting-edge blockchain software, scaling a multi-billion dollar crypto ecosystem, and founding a national advocacy group positioned us well to tackle the booming stablecoin market. With only the three of us, and a strong group of partners and advisors, we brought Circle’s USDC to Noble’s mainnet in September, 2023 and gained traction immediately.

Our Fundraise

We are grateful to have the best Web3 investors backing our vision. Our $15 million funding round is led by Paradigm, with participation from Polychain, Foresight Ventures, Wintermute Ventures, Informal Systems and numerous angels from Celestia, Skip Protocol, Succinct and Conduit, among others. This brings our total funding to $18.3 million to help accelerate the build out of the Noble blockchain and continue to service a burgeoning ecosystem of builders and end users who leverage Noble for deep stablecoin and real world asset (RWA) liquidity. 

Our Vision

The Noble team is driven by two key principles: developer sovereignty and delightful UX.

We want to see developers building sovereign appchains succeed. There are over 100 appchains in the modular ecosystem, reflecting a diversity of blockchain architectures including Cosmos, Celestia, the Ethereum Virtual Machine (EVM) and Move, among others. Our goal is to provide reliable stablecoin and RWA liquidity to these chains so builders can focus on delivering the best product to their users.

Second, we are UX obsessed. We started out with an explicit mission: solve stablecoin liquidity fragmentation for builders and users in the Cosmos and modular ecosystem. We built a highly performant and reliable chain but we also prioritized UX by developing a unique forwarding model that offers a one-click experience, reducing blocktimes to ~1 second and incorporating USDC and other stablecoins for transaction fee payments. Thanks to Noble and the stablecoin liquidity infrastructure that we’ve built, the sovereign appchain model has proven to be a viable path forward for teams looking to turbocharge their crypto applications. 

What's Next? 

The next phase of Noble will involve bringing our product expertise directly to the end user. Many users transacting with stablecoins in the modular ecosystem may not know they are interacting with Noble, and we want to remain “under the hood” in that regard. 

At the same time, we are excited to soon bring delightful crypto applications to the global mainstream by leveraging these stablecoin and RWA integrations. We want to bring users closer to the source of stablecoin issuance through the upcoming launch of the Noble Dollar, which is being built in partnership with M^0.

As we look to the future, we’re focusing our energy on a new suite of products that include swaps, forex, payments, borrow/lending, and more. Ultimately, we believe that every person with an internet connection should be able to reliably, safely and seamlessly tap into a global pool of on-chain stablecoin liquidity. 

Onwards! 

noble.xyz 

Join us: noble.xyz/careers