Modern Treasury acquires stablecoin startup Beam for $40 million
The acquisition combines Modern Treasury's expertise in traditional fiat rails with Beam’s technology.
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.