Modern Treasury acquires stablecoin startup Beam for $40 million
Crypto Briefing
Modern Treasury acquired stablecoin startup Beam for $40 million to enhance its blockchain payment capabilities.Summary
Payments company Modern Treasury has acquired stablecoin startup Beam for $40 million. This acquisition merges Beam's stablecoin payment technology with Modern Treasury's existing infrastructure, aiming to expand the company's blockchain-based settlement capabilities. The integration is intended to allow Modern Treasury to offer faster, lower-cost global payments to its enterprise clients. The move also aligns with the growing trend of stablecoin ecosystems being backed by US Treasuries, meeting regulatory demands for compliant reserves.
(Source：Crypto Briefing)