Stablecoin startup Atticus nears $2 billion valuation following raise led by defense-tech firm CEO: report

Palmer Luckey, the co-founder and CEO of the defense-tech firm Anduril, is set to lead fresh financing for the stablecoin startup Atticus, which is currently in stealth mode, Axios reports citing numerous sources. Atticus was founded by Owen Rapaport — who previously launched the digital asset management and securities trading compliance firm Aer Compliance — and Jacob Hirschman, formerly Circle's special counsel of products and regulatory affairs and current advisor to the firm.The crypto-focused venture capital firm Haun Ventures is already a backer, and this latest funding round could potentially net Atticus a valuation of between $1.5 billion and $2 billion. That could potentially make it this year's first stablecoin unicorn, according to Axios. The startup does not currently have a website or accessible social media pages. The Block reached out to Anduril and Haun Ventures for comment. Atticus's potential unicorn status emerges amid broader interest in stablecoins — from legislators who want to regulate them, banks that aim to integrate or launch them, and businesses that seek to pay with them. On-chain volume for Ethereum stablecoins has surpassed $1 trillion each month since February of this year, with May most recently bringing in $1.35 billion in on-chain volume, The Block's Data Dashboard shows. In March of this year, Haun Ventures sought to raise $1 billion to invest in early- to late-stage blockchain startups. Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.