1Money, a NYC-based firm growing a purpose-built Layer 1 designed for stablecoins funds, raised over $20M in funding.
The spherical noticed participation from F-Prime Capital, Galaxy Ventures, Hack VC, Tribe Capital, Portage, Ethereal Ventures, CMT Digital, Kraken Ventures, KuCoin Ventures, BitGo Ventures, Bing Ventures, MoonPay Ventures, CoinFlip, Bankless Ventures, Perry Creek Capital, A100x Ventures, VARIV, Anagram, Generative Ventures, Lvna Capital, Ambush Capital, Borderless Capital, Pharsalus Capital, Protagonist, gumi Cryptos Capital, Hexa Capital, Karman Ventures, and R3D3 Ventures.
The corporate intends to make use of the funds to empower the launch of the 1Money Community, a brand new cost community.
Led by CEO Brian Shroder, 1Money is constructing a Layer 1 funds community solely for stablecoins, designed to ship transactions globally. It goals to enhance international finance by offering a stablecoin cost expertise for customers worldwide. It additionally ensures instantaneous confirmations, industry-low mounted charges, world-class safety, and native compliance options. Supporting a number of stablecoins throughout varied fiat currencies, the platform eliminates the necessity for speculative property or advanced “tokenomics,” with community charges paid instantly within the stablecoin being transacted.
1Money plans to launch in Q2 of this 12 months.
FinSMEs
16/01/2025
