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

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.

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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.

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.