Baanx, an authorized cryptocurrency payments specialist by the U.K. Financial Conduct Authority, has raised $20 million in a Series A funding round. The company announced this on Tuesday.

The crypto payment provider’s funding total now exceeds $30 million, thanks to the investment round that included Ledger as well as Tezos Foundation and British Business Bank. Baanx of London, which operates the Ledger Card product, has recently signed a 3-year partnership with Mastercard in the U.K.

Baanx is a seamless connector for large legacy payment companies like Visa and Mastercard.

In an interview, Chief Commercial Officer Simon Jones stated that “over the past year, we’ve been developing a number of non-custodial on-chain products to create a new type of cryptocurrency payment.” We hope to drive the next generation in crypto payments by giving the user complete control over their funds while allowing real-world spending.

Jones stated that the funding would help the company introduce its services to the U.S.A. and Latin America in the latter part of this year. The company has more than 150,000 users and also has its own native BXX token.

Correction (March 5, 12 :33 UTC). Corrects the name of the investor throughout. In an earlier version, the investor was Tezos.

Sheldon Reback is the editor.