Earn with Nexo
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.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.