Stablecoin engine developer Cap has raised $8 million in a funding round backed by Franklin Templeton, Triton Capital and others. The fundraising brings the total raised to $11 million, following a previous funding round of $3 million.
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Cap Secures $8M to Accelerate the Development of Its Stablecoin Engine
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Franklin Templeton led Cap’s $8 million seed round, which also included participation from Susquehanna, Triton Capital, Nomura’s Laser Digital, GSR, and other traditional and crypto-native investors
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Cap raised $8 million in seed funding to develop a stablecoin protocol that generates yield from both traditional finance and crypto-native institution
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Cap has raised a total of $11 million across multiple rounds, including a $3 million round before the seed raise
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