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M^0 raised $35 million in a Series A round led by Bain Capital for minting digital dollars network

M^0 raised $35 million in a Series A round led by Bain Capital for minting digital dollars network

06/05/24, 12:08 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/DE.svgberlin
Money raised
$35 million
Industry
cryptocurrency
blockchain
Round Type
series a
Investors
Gsr, Wintermute Ventures, Galaxy Ventures, Bain Capital
M^0, a cryptocurrency protocol, has announced a $35 million Series A raise led by Bain Capital. The protocol aims to create a global network for institutions to mint stablecoins backed by U.S. Treasuries.

Company Info

Company
M^0
Location
berlin, berlin, germany
Additional Info
M^0 is a cryptocurrency protocol that has built decentralized infrastructure allowing institutions to mint stablecoins backed by U.S. Treasuries. It aims to create a global network for institutions to mint 'cryptodollars' leveraged by their assets.

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