Swiss-based M0, a pioneering stablecoin infrastructure company, has successfully completed a $62 million Series B funding round led by crypto venture capital firms Polychain Capital and Ribbit Capital. The latest capital injection brings the company’s total funding to approximately $154 million since its 2023 launch.
The Series B round included participation from Endeavour Catalyst Fund, existing investors Pantera Capital, and notably Bain Capital Crypto, highlighting strong institutional confidence in M0’s vision for the future of digital dollar infrastructure.
Building the “Layer Zero of Money”
M0 positions itself as creating what CEO and co-founder Luca Prosperi calls the “layer zero of money” – a foundational infrastructure that enables different stablecoin issuers to connect and ensure seamless interoperability and liquidity across the ecosystem.
We are thrilled to announce M0’s $40M series B round from @polychain, @RibbitCap and @endeavor_global’s Catalyst Fund.
M0 is building the universal stablecoin platform. pic.twitter.com/tb1PEpQZh4
— M0 (@m0) August 28, 2025
“We cannot have 1,000 different Tethers and Circles,” Prosperi explained, referring to the two largest stablecoin issuers. “What we did is create a layer where different issuers can come and connect and just ensure interoperability, liquidity among themselves.”
The funding structure comprised equity alongside locked cryptocurrency tokens, reflecting the hybrid nature of crypto-focused investment rounds. M0 declined to disclose its valuation following the Series B completion.
Stablecoin Market Growth Drives Investment Interest
The fundraising announcement comes as the stablecoin market growth continues at an impressive pace. Current market capitalisation stands at approximately $284 billion, representing a substantial increase from previous years and demonstrating the sector’s resilience and expansion potential.
After growing by 2.12% in April and seeing 19 consecutive months of gains, the stablecoin market cap reached $238 billion earlier in 2025, according to recent data. Industry forecasts suggest this growth trajectory will continue, with some projections indicating the market could reach $400 billion by the end of 2025.
The timing of M0’s Series B aligns perfectly with broader industry momentum. Stablecoins have emerged as critical infrastructure for blockchain technology, facilitating everything from DeFi protocols to international payments and remittances.
Strategic Investor Backing and Vision
Bain Capital Crypto‘s participation in the round adds significant strategic weight to M0’s investor roster. The investment arm of the $155 billion asset management giant has been actively deploying capital across cryptocurrency infrastructure projects, recognising the transformational potential of decentralised financial systems.
Josh Rosenthal, general partner at Polychain, emphasised the sector’s attractiveness: “Stablecoins are proliferating. This is one of the hotter areas within the market—within all of fintech, frankly.”
M0’s approach differs from traditional stablecoin models by focusing on infrastructure rather than issuing tokens directly. The platform enables stablecoin issuers to deploy their products without worrying about cross-chain transfers or building complex technical infrastructure from scratch.
Operational Scale and Client Portfolio
The stablecoin infrastructure developed by M0 already powers digital currency solutions for several prominent clients, including ConsenSys’s MetaMask wallet, blockchain network Noble, stablecoin protocol Usual Labs, and gaming platform Playtron Corp.
According to the company, its network reached over $300 million in outstanding stablecoin supply by July 2025, more than doubling since January. This growth demonstrates the practical demand for M0’s infrastructure solution among both established and emerging players in the digital currency space.
The platform’s chain-agnostic design allows stablecoin issuers to operate across multiple blockchain networks, addressing one of the key technical challenges in the current fragmented ecosystem.
Regulatory Tailwinds Support Growth
M0’s expansion plans benefit from improving regulatory clarity in key markets. The recent passage of comprehensive stablecoin legislation in the United States has provided a clearer framework for companies operating in this space, reducing regulatory uncertainty that previously hindered growth.
This regulatory progress has contributed to increased institutional interest in digital assets and stablecoin-related infrastructure, creating favourable conditions for companies like M0 to attract capital and expand operations.
Future Development Plans
With the fresh capital, M0 plans to accelerate development of its chain-agnostic network and onboard additional stablecoin issuers. Prosperi outlined the company’s growth strategy: “My mandate as a CEO in the next two to five years is to scale this network as much as possible. This is the obsession.”
The funding will support expanding the platform’s technical capabilities, growing the team, and potentially developing new features that enhance interoperability between different stablecoin protocols.
M0 expects to announce additional partnerships and integrations in the coming months as it works toward becoming the preferred infrastructure solution for institutions looking to launch application-specific digital dollars.
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Market Outlook and Industry Impact
The successful Series B round reflects broader venture capital interest in cryptocurrency infrastructure projects. Traditional finance firms and crypto-native investors are increasingly recognising the strategic importance of foundational infrastructure that enables the next generation of financial applications.
As the stablecoin ecosystem continues maturing, platforms like M0 that focus on interoperability and infrastructure could play increasingly critical roles in connecting fragmented protocols and enabling more seamless user experiences.
Congrats to our friends at @m0 on their $40M Series B led by @polychain Capital and @RibbitCap! 🎉
From the Stableminded archives: “Stripe was born serving the DoorDash, the Uber, the Airbnbs of the world when these teams were small startups… We want to empower the next… pic.twitter.com/tJojpfVBQG
— Stabledash (@stabledash) August 28, 2025
The company’s success in attracting high-profile investors demonstrates growing confidence in the long-term potential of programmable money and decentralised financial infrastructure.
With regulatory frameworks stabilising and institutional adoption accelerating, M0 appears well-positioned to capitalise on the expanding stablecoin market and establish itself as essential infrastructure for the digital dollar ecosystem.
