Stablecoin payment service provider Beam completes $7 million financing
2025-05-29 02:44:09
Stablecoin payment service provider Beam announced the completion of $7 million financing, led by Castle Island Ventures, Archetype, Bankless Ventures, Verda Ventures and Arca Fund participated, Beam is currently registered as a US money service enterprise and complies with the SOC 2 Type II standard, the new funds are intended to support its use of stablecoins and fiat currencies for cross-border fund sending and receiving, providing real-time currency exchange, cryptocurrency to fiat currency conversion and seamless integration with bank accounts and digital wallets.
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