Modern Treasury Buys Stablecoin Firm Beam in $40M All-Stock Deal

TLDR Modern Treasury has acquired stablecoin startup Beam in an all-stock deal worth $40 million. Beam was founded in 2022 and provides plug-and-play stablecoin infrastructure for banks and corporations. Beam’s founder Dan Mottice will join Modern Treasury to lead its stablecoin adoption efforts. The acquisition aligns with Modern Treasury’s strategy to expand into blockchain-enabled enterprise [...]

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