Cap, a rising force in the stablecoin space, has secured $11 million in seed funding from prominent investors including asset management powerhouse Franklin Templeton, leading trading firm Susquehanna, and investment firm Triton Capital.
The round also attracted backing from major market players such as Flow Traders, Nomura’s digital asset arm Laser Digital, GSR, and IMC Trading. While Cap’s valuation was not disclosed, the caliber of its investors speaks volumes about its potential and market confidence.
Cap is gearing up to launch an interest-bearing stablecoin and an integrated lending marketplace in the coming months, according to founder and CEO Benjamin Sarquis Peillard. Unlike traditional stablecoins pegged to fiat currencies like the U.S. dollar, Cap’s offering is engineered to generate yield—bringing a new layer of utility to the stablecoin ecosystem.
As stablecoins gain traction as a settlement tool for institutional payments, the demand for immediate, short-term liquidity among asset managers and financial institutions is rising. Cap meets this need head-on by enabling institutions such as Franklin Templeton to borrow stablecoins directly from users, offering yield in return. “Institutions enter our marketplace, leverage user-deposited collateral, and borrow against it,” Sarquis Peillard explained.
Cap’s model sets itself apart from early entrants like Figure Markets’ YLDS, which gained SEC approval in February, by taking a non-custodial approach. “We don’t hold users’ money,” Sarquis Peillard emphasized. Instead, Cap’s lending system relies entirely on smart contracts—self-executing agreements that ensure secure and transparent fund management without intermediaries.
To further enhance user protection, all borrowers on Cap’s platform will be required to secure loan insurance, guaranteeing that users are repaid in full and on time—even in the event of a default. Interest rates will adjust dynamically based on market conditions, and Cap will retain a 10% fee on users’ earned yield.
The company is currently in its testing phase, with a public launch slated for May. The fresh capital will be invested primarily in strengthening security infrastructure and expanding the team to support the platform’s rapid growth. Sarquis Peillard underscored Cap’s commitment to delivering a robust, hacker-resistant solution that redefines how institutions and individuals interact with stablecoins.