Blockchain-based payment company Borderless.xyz has completed $3 million in Pre-Seed funding, led by Amity Ventures. Amity Ventures' Managing Partner CJ Reim will also join the Borderless.xyz board after the funding. The company plans to use these funds to hire more engineers to expand its geographic coverage and increase liquidity for its global stablecoin payment network, among other things.

Borderless.xyz develops payment infrastructure that supports global transactions between stablecoins, real-world assets, and other 'internet-native currencies' and fiat currencies.