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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Franklin Templeton has led an $8 million seed round into Cap, a blockchain startup looking to launch an interest-bearing stablecoin and accompanying lending market. Other investors include prominent financial institutions Susquehanna and Triton Capital as well as crypto natives including Nomura’s Laser Digital and GSR, among others.

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.