Tevau

Tevau is a Hong Kong-based financial technology company, founded in 2024 by CEO Mac Li, that provides blockchain-based payment solutions for digital asset management. The company is developing a next-generation payment infrastructure to address challenges in traditional finance such as slow transaction speeds and high fees. Tevau’s name is inspired by the ancient feather money of the Santa Cruz Islands, reflecting a goal to empower financial opportunity.

Tevau offers both physical and virtual payment cards, supporting Mastercard and Visa, which allow users to spend digital assets by converting them to fiat currency in real-time. This enables payments at millions of merchants globally and ATM withdrawals without requiring merchants to integrate blockchain tools. The platform is accessible via a smart wallet app for iOS and Android, which allows users to manage their cards and assets. The business model includes fees for card top-ups (1%), ATM withdrawals (1.9%), and foreign exchange transactions (1.2%).

The company has secured regulatory licenses, including the Money Services Business (MSB) license in the U.S. and the Trust or Company Service Provider (TCSP) license in Hong Kong. To enhance security and compliance, Tevau has partnered with Jumio for identity verification (KYC) and AML procedures, and Fireblocks for digital asset custody. In February 2025, the company secured a pre-seed funding round at a $10 million valuation, followed by another round in July 2025 at a $50 million valuation led by Pacific Waterdrip Digital Asset Fund.

Keywords: blockchain payments, crypto-to-fiat, digital asset management, virtual payment card, physical payment card, cryptocurrency card, Visa, Mastercard, financial technology, crypto wallet, global payments, Mac Li, AML compliance, KYC verification, Jumio partnership, Fireblocks partnership, MSB license, TCSP license, cross-border payments, decentralized finance