Switzerland-based M0, a developer of infrastructure that lets establishments subject application-specific stablecoins, has raised $40 million in Sequence B financing
Switzerland-based M0, a developer of infrastructure that lets establishments subject application-specific stablecoins, has raised $40 million in Sequence B financing. The spherical was co-led by crypto investor Polychain Capital and fintech-focused Ribbit Capital, with further backing from Endeavor Catalyst, Pantera Capital and Bain Capital Crypto. The most recent injection lifts M0’s cumulative fundraising to about $100 million since its 2023 founding.
M0 says its platform separates reserve administration from programmability, permitting regulated entities to carry property corresponding to money and U.S. Treasuries whereas builders management how the tokens transfer. The community reached greater than $300 million in excellent stablecoin provide in July, greater than doubling since January, and can underpin MetaMask’s deliberate mUSD token in addition to tasks from Noble, Ordinary and gaming agency Playtron.
Chief Government Officer Luca Prosperi stated the funding can be used to develop the “layer-zero” stablecoin community and entice further issuers amid heightened enterprise and company curiosity in dollar-pegged cryptocurrencies following the enactment of U.S. stablecoin guidelines earlier this 12 months.
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