Stablecoin payment system Next Generation secures $5 million in Seed funding

French fintech Next Generation has secured $5 million in Seed funding to drive the launch of its blockchain-powered B2B payment ecosystem and support its strategic M&A plans. The company recently revived its euro-pegged stablecoin, EURT, originally suspended in 2017, taking advantage of the regulatory clarity provided by the EU’s Markets in Crypto-Assets Regulation (MiCAR). The fresh capital will help finalise technical development and expand partnerships, with products like direct integration between IBAN accounts and crypto wallets already in the pipeline. Pre-launch commitments have already surpassed $10 million in TVL from global financial institutions. Additionally, Next Generation has acquired Lugh Financial Services from France’s Casino Group, strengthening its compliance with MiCAR and accelerating its strategic growth through specialised acquisitions. The firm aims to bridge traditional finance with digital innovation, offering faster, cheaper, and seamless cross-border business transactions.