M^0 Protocol raised $35M in a Series A led by Bain Capital Crypto to introduce stablecoin M.
06/05/24, 7:30 PM
Location
berlinMoney raised
$35 million
Industry
cryptocurrency
blockchain
Investors
Gsr, Galaxy Ventures, Bain Capital Crypto
M^0, a new player on the Ethereum blockchain, raised $35M in a Series A investment led by Bain Capital Crypto to introduce its stablecoin, M, guaranteed by U.S. Treasuries and backed by a rigorous governance framework.
Company Info
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.