TechFlow, April 7 — According to CoinDesk, yield-bearing stablecoin protocol Cap announced it has raised $11 million in funding from prominent financial institutions including Franklin Templeton and Triton Capital. The latest $8 million seed round will be allocated toward developing its stablecoin engine, expected to launch later this year.
Cap stated that the protocol will leverage professional operators' expertise in yield generation, drawing not only on crypto-native sources such as funding rate arbitrage and token mining, but also incorporating knowledge from traditional institutions like high-frequency trading firms and private credit funds. Additionally, users will be able to earn extra yields through staking protocols such as EigenLayer.
