Rain
Rain issues corporate credit and debit cards natively backed by stablecoin balances, letting crypto-first teams pay real-world expenses without touching a bank wire. Every card transaction settles against on-chain collateral through a Visa network integration Rain built in 2023.
The company operates a full-stack card program: BIN sponsorship, KYB, ledger, dispute handling, and integrations with the largest custody providers. Corporate treasuries at 45 crypto-native companies now run day-to-day payments through Rain.
In 2026 Rain launched a treasury product that lets stablecoin holdings sit in yield-bearing instruments between authorization and settlement, capturing a spread that traditional card issuers cannot replicate.
The first Visa card platform natively built on stablecoin settlement. We backed the seed and led the follow-on.
Farooq Malik
CEO & FounderCharles Naut
CTOJulian Grigo
Head of PartnershipsSara Fung
GC & Head of Compliance- Q4 2022Founded by Farooq Malik
- Q2 2023Oryon-led seed round, first cards issued
- Q3 2024Visa Ready certification, corporate program
- Q1 2026Yield-bearing treasury product
Card volume approaching $600M annualized. Corporate treasury product live in Q1.
“The most sophisticated stablecoin card platform we've seen operate at scale.”
— The Block, Feb 2026
“Corporate treasury for crypto-native companies has finally graduated from spreadsheets to Rain.”
— Fintech Weekly, Nov 2025