As part of the fundraising, M^0 has deployed its core protocol and on-chain governance mechanism on the Ethereum mainnet.
Decentralized infrastructure provider M^0 has secured $35 million in a Series A round for its stablecoin issuance platform.
Bain Capital Crypto led the funding with existing investors and partners Galaxy Ventures, Wintermute Ventures, GSR, Caladan and SCB 10X. According to an announcement, the company deployed its core protocol and on-chain governance mechanism on the Ethereum mainnet on June 4.
M^0 allows institutional clients to mint stablecoins based on high-quality collateral, such as United States Treasurys. The process is akin to asset tokenization, allowing institutional investors to convert assets into digital tokens — in this case, a stablecoin.
