Franklin Templeton Invests $8 Million in Stablecoin Project Cap!

Jakarta, Pintu News – Franklin Templeton, a global asset manager that continues to expand its presence in the blockchain and crypto investment markets, recently led an $8 million funding round for stablecoin project Cap.

Several venture capital firms focused on Web3 also backed the round. With this support, Cap plans to develop decentralized solutions for yield generation in decentralized finance .

Check out the full news below!

It’s Innovative Stamp and Mission

Cap, an Ethereum -based project, announced that these newly acquired funds will be used to implement its protocol in shared security marketplaces such as EigenLayer and Symbiotic.

The initiative aims to regulate the activities of financial operators so that traditional financial institutions and crypto-native companies can generate yield for users without exposing them directly to risk. The Cap protocol offers users access to utilize a common security market, allowing them to benefit from assets staked on Ethereum (ETH).

Cap’s main focus is adoption in MegaETH, a layer 2 that enables real-time interactions with opportunities across the ecosystem. This promises secure and sustainable yield generation, which could bring innovations beyond the current yield-generating stablecoins.

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Funding Strategy and Impact

With a stablecoin engine that enables yield generation outsourcing, Cap has the potential to increase traction across a wide range of blockchain applications, including DeFi protocols, real asset protocols, and liquid funds.

The $8 million funding will help the stablecoin startup navigate its next adoption phase, adding to the $1.1 million already raised through its Echo crowdfunding project. Support from VC firms such as Triton Capital, Flow Traders, GSR, and Japanese group Nomura through Laser Digital shows great confidence in Cap and its potential in the decentralized finance ecosystem.

This funding helps in technology development and expands Cap’s reach and adoption in the global market.

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Cap’s Future Vision

Cap aims to be a leader in decentralized finance solutions, focusing on security and sustainability. Through implementations in shared and layer 2 security markets, such as MegaETH, Cap seeks to integrate more users into the DeFi ecosystem without compromising security or performance.

The project also marks an important step for Franklin Templeton in diversifying its investment portfolio into digital assets and blockchain technology. This investment demonstrates Franklin Templeton’s commitment to actively participating in the evolution of digital finance, marking a new era in integrating traditional and decentralized finance.

Conclusion

Franklin Templeton’s investment in Cap marks a pivotal point in the evolution of decentralized finance. With a focus on secure and sustainable solutions, Cap is expected to innovate the way institutions and individuals generate yield. Going forward, collaboration between big players in traditional finance and blockchain innovators will probably shape the future of global finance.

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Reference

• Crypto News. Franklin Templeton Backs $8M Round for Stablecoin Project CAP. Accessed on April 9, 2025
• Featured image: Blockworks