Modern Treasury acquires stablecoin startup Beam for $40 million
Key Takeaways
Modern Treasury acquired Beam, a stablecoin startup, for $40 million.
The acquisition could expand Modern Treasury’s blockchain-based payment capabilities for enterprise clients.
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Modern Treasury, a payments company focused on streamlining fund movements, has acquired stablecoin startup Beam for $40 million.
The acquisition integrates Beam’s stablecoin payment technology into Modern Treasury’s existing infrastructure, extending its capabilities in blockchain-based settlements and positioning the company to offer faster, lower-cost global payments for enterprise clients.
Stablecoin ecosystems are increasingly backed by US Treasuries, driving private sector demand and aligning with regulatory pushes for compliant reserves involving firms like Beam.
