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

Jun 05, 2024•over 1 year ago

Amount Raised

$35 Million

Round Type

series a

Zuginformation technology & servicesCryptocurrencyBlockchain

Investors

GsrWintermute VenturesGalaxy VenturesBain Capital

Description

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 Information

Company

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

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Funding Insights

Based on industry data

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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