Franklin Templeton backs $8m round for stablecoin project Cap

Franklin Templeton, a global asset manager with an increasing presence in the crypto and blockchain investment market, supported an 8 million dollars seeds for CAP.

The active director led the investment round, with Ethereum (Ethn) base stable Project CAP also attracting the participation of multiple capital venture capital companies of several main ones.

In detail common Via X, CAP said that investment is a crucial step in its mission to offer a decentralized solution to the problem of the generation of elements Decentralized finance. This step involves the deployment of its protocol on “shared security markets” such as clean cheerfulness and symbiotics.

“Cap is a pioneer a first implementation of the kind of shared security markets like Eigenlayer and Symbiotic to regulate the activities of financial operators.

According to the CAP protocol team, the project solution is available for users who seek to draw from shared security markets. This means that users can benefit from marked assets on Ethereum. However, CAP’s main objective is adoption on megaeth, layer 2 offering real -time interaction with opportunities through the ecosystem.

He suggests a generation of safe and lasting yields, which could mean allowing a new innovation that beats the current stablecoins that carry the yield.

By being able to outsource the generation of elements via its stable engine, the ceiling allows a traction in many blockchain applications, including DEFI protocols, real asset protocols and liquid funds.

The 8 million dollars seeds will help the Stablecoin startup to navigate the next phase of its adoption, which increased the $ 1.1 million collected via the Echo crowdfunding project. CAP has increased its latest financing lap with the support of venture capital companies such as Triton Capital, Flow Traders, GSR and the Japanese company Nomura Group Digital.