M^0 raised $35M in a Series A funding round

June 5, 2024

Decentralized cryptodollar issuance protocol M^0 raised $35M in a Series A funding round led by Bain Capital Crypto, with participation from Galaxy Digital, Wintermute, GSR Markets LTD, Caladan, SCB 10X.

M^0 is a decentralized money middleware protocol designed for the digital age. It allows multiple institutional actors to issue a fungible cryptodollar, leveraging best-in-class collateral such as short-term US treasuries. The protocol ensures security and transparency through independent, daily, on-chain validation of reserves. M^0 aims to democratize access to money issuance infrastructure, enabling institutions to mint cryptodollars while adhering to jurisdictional requirements and enhancing liquidity in demanding markets.

You can find all funding rounds, links, and details on the project page M^0