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, a blockchain startup, has raised $8 million in seed funding to develop a stablecoin protocol that offers users yield by combining strategies from both traditional financial institutions and crypto-native entities.

Event date

Apr 8, 2025 - 12:00am

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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.

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Week 15 of 2025