Cap, a bold new player in the stablecoin space, has secured $11 million in a seed funding round led by Franklin Templeton, Triton Capital, and Susquehanna International Group, with strong backing from prominent crypto-native firms like Superscript, Rockaway X, GSR, IMC Trading, Laser Digital (Nomura), and Flow Traders.
This raise comes shortly after Cap’s successful $1.1 million community round via Echodot, which saw participation from Omega, Patrons, and Crab Notes, along with contributors from the “Mega Mafia” ecosystem—including MegaETH Labs, Hop Network, and Euphoria Finance.
It is tackling one of the most pressing challenges in crypto today: creating sustainable, risk-managed yield for stablecoins. With over $240 billion in stablecoins circulating globally, the demand for safe and scalable returns has never been higher. Cap believes current strategies—ranging from endogenous models to hedge-fund-like mechanisms—are either too risky or outdated.
Enter Cap’s revolutionary concept:
A type III stablecoin that leverages automated, programmatic yield generation through shared security markets like Eigenlayer and Symbiotic. This next-gen model eliminates the need for human oversight and allows institutions to offer yield without exposing users to operational risk.
It plans to deploy its protocol on Ethereum-based shared security marketplaces, with deep integration into MegaETH, a real-time blockchain designed by MegaETH Labs. The project is powered by a mission to fuse traditional finance with DeFi through compliant and scalable yield mechanisms.
On X, the Cap team thanked the MegaETH community for early support and emphasized that this fresh capital will be used to accelerate product development and institutional adoption. While the company has not disclosed a valuation or rollout dates, the momentum is undeniable.
For more insights and updates on Metaverse, DeFi, Blockchain, NFT & Web3, be sure to subscribe to our newsletter. Stay informed on the latest trends and developments in the decentralized world.
