CAP Labs Raises $11 Million in Funding Led by Franklin Templeton and Triton

Stablecoin infrastructure startup CAP Labs announced on the 8th (local time) that it has raised a total of $11 million in seed funding.

This round, co-led by Franklin Templeton and Triton Capital, saw participation from several traditional financial firms such as Flow Traders, Nomura's Laser Digital, GSR, IMC Trading, Nonce Classic, as well as key industry figures like Michael Egorov, founder of Curve (CRV), and Bryan Pellegrino, co-founder of LayerZero (ZRO).

CAP Labs is developing a stablecoin engine accessible to general users by integrating traditional financial strategies such as high-frequency trading and private credit funds into the digital asset market. With this funding, they are preparing for an official launch in the second quarter of this year.

Benjamin Lenz, founder of CAP Labs, stated, "CAP's revenue structure will set a new standard for on-chain finance," adding, "User protection must become the core infrastructure for the growth of decentralized finance (DeFi)."

Kevin Farrelly, managing partner of Franklin Templeton's digital asset division, said, "CAP's platform architecture is a model that can simultaneously achieve stablecoin scalability and the democratization of strategic investment opportunities," and added, "We are also looking forward to potential collaboration with our blockchain-based investment products."

Stuti Pandey, partner at Triton Capital, commented, "CAP Labs is a team that combines Wall Street expertise with the innovation of decentralized finance," and evaluated that "they will become a key player in leading the convergence of traditional and decentralized finance."