logo
logo

M^0 Protocol raised $35M in a Series A led by Bain Capital Crypto to introduce stablecoin M.

Jun 05, 2024•over 1 year ago

Amount Raised

$35 Million

ZugCryptocurrencyBlockchain

Investors

GsrGalaxy VenturesBain Capital Crypto

Description

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 Information

Company

M0

Location

Zug, Zug, Switzerland

About

M0 is the universal stablecoin platform. With M0, builders can create their own stablecoins, and customize attributes such as branding, compliance behaviors, and yield distribution mechanics. By leveraging M0, businesses can monetize their digital dollar use cases and maintain control over their money tech stack, while not being burdened by operational heavy-lifting.

Related People

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech