Crown

About Crown

Crown is a São Paulo-based financial technology company focused on issuing institutional-grade stablecoins for emerging markets. The company was co-founded by CEO John Delaney, a New York lawyer who moved to Brazil, and Vinicius Correa, who serves as Principal Engineer and previously worked at Nubank. Their team combines expertise in crypto, fintech, and traditional finance.

The company's flagship product is the BRLV, a stablecoin pegged one-to-one to the Brazilian real (BRL). Each BRLV is fully collateralized by Brazilian sovereign debt instruments, which are held in a bankruptcy-remote structure to enhance safety for token holders. This model is designed to provide institutional-grade security and transparency. Crown's primary clients include institutional investors, tokenization platforms, fintechs, banks, and enterprises. For institutional partners, Crown offers native revenue sharing by distributing a portion of the yield generated from the government bond holdings. This allows qualified investors to gain on-chain exposure to Brazil's high-interest environment.

Crown launched after securing an $8.1 million seed round in October 2025, led by Framework Ventures with participation from Valor Capital Group, Coinbase Ventures, Norte Ventures, Paxos, and Nubank co-founder Ed Wible, who also joined the board. In December 2025, the company raised a $13.5 million Series A round led by Paradigm, which marked the U.S. crypto fund's first investment in Brazil and valued Crown at $90 million. By this time, BRLV had reportedly become the largest emerging market stablecoin, with over R$360 million in subscriptions.