Modern Treasury Acquires Stablecoin Startup Beam in $40 Million Strategic Deal

Modern Treasury, a fintech company backed by Salesforce, has acquired Beam, a stablecoin infrastructure startup, for $40 million in an all-stock transaction. This acquisition, completed in 2025, aims to scale blockchain-based payment solutions and enhance global settlement capabilities for enterprise clients.

Beam, founded in 2022, specializes in developing plug-and-play technology for stablecoin payments, with its digital assets backed by US Treasuries to ensure compliance with regulatory standards. The startup had previously raised $14 million and was valued at approximately $44 million prior to the acquisition. Modern Treasury, which has raised at least $183 million and was last valued at over $2 billion, plans to integrate Beam's tools into its existing platform to offer faster, lower-cost cross-border transactions and improved reconciliation for businesses.

The move reflects a broader trend in the fintech sector, where companies like Stripe, Coinbase, and Mastercard are actively acquiring stablecoin talent and infrastructure. For instance, Stripe acquired Bridge for $1.1 billion in late 2024, while Coinbase and Mastercard are engaged in a bidding race for stablecoin firm BVNK. Regulatory developments, such as the U.S. GENIUS Act signed into law in July, which establishes clear rules for dollar-pegged tokens, and Circle's successful USDC IPO on the NYSE, are accelerating institutional adoption of stablecoins.

Beam founder Dan Mottice will join Modern Treasury to lead stablecoin adoption efforts, strengthening the integration of acquired technology. The acquisition also positions Modern Treasury to compete more directly in the programmable dollar payments space, leveraging Beam's involvement in the Global Dollar Network consortium, which includes partners like Paxos, Robinhood, and Kraken to promote USDG stablecoins.