Franklin Templeton, a global asset manager with a growing presence in the crypto and blockchain investment market, has supported a $ 8 million seed round for CAP.
The asset manager led the investment round, with the Ethereum (ETH)-based Stablecoin project cap, which also attracted the participation of several leading Web3-oriented risk capital companies.
Detailed shared Via X Cap said that the investment is a crucial step in its mission to offer a decentralized solution to the problem of generating revenue in decentralized financing. This milestone comprises the use of its protocol on “shared security markets” such as self -layer and symbiotic.
“Cap pawns a first of his friendly implementation of shared security markets such as Eigenlaer and Symbiotic to regulate the activities of financial operators. This allows traditional financial institutions and crypto-Native companies to generate yields for users, while they do not directly expose users to the risks of their activities,” the protocol-team posted to the Protocol-Team
According to the CAP protocol team, the project solution is available for users who want to use shared security marketplaces. This means that users can benefit from assets used on Ethereum. However, the most important focus of CAP is the acceptance on Megaeth, the Layer 2 offer for real-time interaction with opportunities in the ecosystem.
It suggests a safe and sustainable yield generation, something that could mean that new innovation is possible that the current revenue -bearing stablecoins beats.
By being able to outsource the generation of yields via its Stablecoin engine, Cap Traction makes it possible for many blockchain applications, including Defi-Protocols, Real-World Asset Protocols and Liquid Funds.
The $ 8 million seed round will help the Stablecoin Startup navigate in the next phase of the adoption, with this contribution to the $ 1.1 million that has been collected via Crowdfunding Project Echo. CAP increased his latest financing round with the support of VC companies such as Triton Capital, Flow Traders, GSR and the Laser Digital of the Japanese company Nomura Group.
