Cap, a daring new participant within the stablecoin area, has secured $11 million in a seed funding spherical led by Franklin Templeton, Triton Capital, and Susquehanna Worldwide Group, with sturdy backing from distinguished crypto-native companies like Superscript, Rockaway X, GSR, IMC Buying and selling, Laser Digital (Nomura), and Move Merchants.
This increase comes shortly after Cap’s profitable $1.1 million neighborhood spherical by way of Echodot, which noticed participation from Omega, Patrons, and Crab Notes, together with contributors from the “Mega Mafia” ecosystem—together with MegaETH Labs, Hop Community, and Euphoria Finance.
It’s tackling some of the urgent challenges in crypto at this time: creating sustainable, risk-managed yield for stablecoins. With over $240 billion in stablecoins circulating globally, the demand for protected and scalable returns has by no means been increased. Cap believes present methods—starting from endogenous fashions to hedge-fund-like mechanisms—are both too dangerous or outdated.
Enter Cap’s revolutionary idea:
A kind III stablecoin that leverages automated, programmatic yield era by shared safety markets like Eigenlayer and Symbiotic. This next-gen mannequin eliminates the necessity for human oversight and permits establishments to supply yield with out exposing customers to operational threat.
It plans to deploy its protocol on Ethereum-based shared safety marketplaces, with deep integration into MegaETH, a real-time blockchain designed by MegaETH Labs. The mission is powered by a mission to fuse conventional finance with DeFi by compliant and scalable yield mechanisms.
On X, the Cap staff thanked the MegaETH neighborhood for early assist and emphasised that this recent capital might be used to speed up product improvement and institutional adoption. Whereas the corporate has not disclosed a valuation or rollout dates, the momentum is simple.
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