Franklin Templeton, a global asset manager with a growing presence in Crypto and Blockchain Investment Market, supports a $8 million seed round for CAP.
Asset managers led the investment round, with Ethereum (ETH)-based Stablecoin Project Cap attracting the participation of several major Web3-centric venture capital companies.
In details shared via X, CAP said this investment is a key step in its mission to provide a decentralized solution to the yield problem in diversified finance. This milestone includes protocol deployments across the “shared security market” such as Eigenlayer and Symbiotic.
“CAP pioneered the initial implementation of shared security markets like Eigenlayer and Symbiotic to regulate the activities of financial operators. This allows traditional financial institutions and cryptographic native companies to generate yields for users, but does not expose them directly to the risk of their activities.
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Following the CAP protocol team, the project’s solutions are available to users looking to leverage the shared security marketplace. This means that users can benefit from Ethereum bet assets. However, the main focus of CAP is its adoption for Megaeth. This is the provision of Layer 2 for real-time interaction with opportunities across the ecosystem.
This suggests the production of safe and sustainable yields. This means enabling fresh innovations that beat current yields of stability.
By being able to outsource yield generation through Stablecoin Engine, CAP enables traction across many blockchain applications, including Defi protocols, real-world asset protocols, and Liquid Funds.
The $8 million seed round will help Stablecoin startups navigate the next phase of their adoption. Cap has raised the latest funding rounds with support from VC companies such as Triton Capital, Flow Traders, GSR and Laser Digital from Japanese company Nomura Group.
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