Funding

M^0 funding news – Switzerland-based M^0 Secures $35Million in Series A Round Funding

Jun 6, 2024 | By Startup Rise EU

M^0, a decentralized infrastructure layer for the issuance of cryptodollar assets, Secures $35Million in Series A Round Funding. Leading the round was Bain Capital Crypto. Wintermute Ventures, Caladan, GSR, SCB 10X, and Galaxy Ventures were among the other investors.

M^0, a decentralized infrastructure layer for the issuance of cryptodollar assets, Secures $35Million in Series A Round Funding. Leading the round was Bain Capital Crypto. Wintermute Ventures, Caladan, GSR, SCB 10X, and Galaxy Ventures were among the other investors.

SUMMARY

  • M^0, a decentralized infrastructure layer for the issuance of cryptodollar assets, Secures $35Million in Series A Round Funding.
  • M^0 Labs builds technology around the M^0 ecosystem (https://m0.org). M^0 is money middleware for the digital age.

The money will be used by the business to grow both its operations and growth initiatives. M^0 is a federation of cryptodollar issuers that is enabled by a decentralised on-chain protocol and a comparable set of off-chain standards and APIs.

Read also - Synthara funding news – Semiconductor Innovator Synthara Secures €10.5 Million in Funding

With it, a multitude of autonomous establishments can utilise middleware to take on the role of minter for a tradable cryptodollar asset. The technology enables several organisations to mint one M, a fungible cryptodollar. Minter entities link to its decentralised protocol to mint M after bringing their own standardised, superior collateral and receiving approval from governance.

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Validators, who are independent businesses, can establish a connection with standard M^0 offchain software to consistently confirm the existence of collateral and compliance with regulations.

About M^0 Labs

M^0 Labs builds technology around the M^0 ecosystem (https://m0.org). M^0 is money middleware for the digital age. Based on a decentralized architecture and best-in-class collateral design, M^0 allows institutions to issue cryptodollars.

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