Modern Treasury Expands into Crypto with $40 Million Acquisition of Stablecoin Firm Beam
Modern Treasury, a payments automation platform, has acquired stablecoin startup Beam in a reported $40 million deal. The acquisition combines traditional payment expertise with cryptocurrency infrastructure as fintech companies increasingly embrace stablecoins.
Fintech Consolidation Accelerates
Modern Treasury, a late-stage payments company, has reportedly acquired stablecoin infrastructure startup Beam for approximately $40 million, according to sources familiar with the matter. The deal represents the latest consolidation in the rapidly evolving fintech sector as traditional payment processors expand into cryptocurrency services.