Modern Treasury acquired Beam to create a money movement platform that includes both traditional and stablecoin settlement rails. The transaction brings together Modern Treasury’s infrastructure for global money movement and Beam’s stablecoin and fiat payment platform, the companies said in a Wednesday (Oct. 22) press release.
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Modern Treasury acquires Beam to add stablecoins to money movement platform
“Together, we’re creating the best infrastructure to move money instantly—without the delays and limitations of banks or card-first payment providers,” Modern Treasury co-founder and CEO Matt Marcus said in the release.
