TechFlow, Oct 22 — According to Fortune, Modern Treasury, a payment infrastructure company valued at $2.1 billion, has acquired stablecoin startup Beam in an all-stock deal worth approximately $40 million.
Founded in 2022, Beam provides software services enabling banks and businesses to send and receive stablecoins. Modern Treasury CEO Matt Marcus said his company has a fiat DNA, while Beam brings stablecoin DNA. Dan Mottice, Beam's co-founder and CEO, will join Modern Treasury to lead its expansion in the stablecoin payments space.




