Payment infrastructure company Modern Treasury announced today it’s acquiring stablecoin startup Beam in an all-stock transaction worth $40 million, marking another significant fintech move toward blockchain payment technology. The acquisition gives Modern Treasury, valued at $2.1 billion, the ability to expand its payment services beyond traditional banking systems by adding instant stablecoin payment capabilities.

Bridging Traditional Banking with Blockchain Payments

Modern Treasury’s acquisition reflects growing acceptance of stablecoins – cryptocurrencies pegged to assets like the U.S. dollar – as legitimate payment infrastructure. Beam, founded in 2022, provides software that lets banks and corporations send and receive stablecoins through a streamlined interface. The startup previously raised $14 million and carried a $44 million valuation in its last round, according to Pitchbook data.

“Instant payments and stablecoins are the future of money movement,” said Matt Marcus, co-founder and CEO of Modern Treasury. The combined platform will support instant payments through stablecoins alongside traditional channels like ACH, wire transfers, and FedNow through a single API.

Dan Mottis, Beam’s founder and former head of Visa’s crypto team, will join Modern Treasury as head of Beam as part of the deal.

“By joining forces, we’re accelerating this vision,” Mottis noted, emphasizing that Beam’s technology will enable “instant settlement and disbursement, FX efficiency, and next-generation liquidity management.”

Riding the Wave of Stablecoin Adoption

The acquisition comes amid unprecedented interest from major financial firms in stablecoin infrastructure. Earlier this year, Stripe completed its acquisition of stablecoin platform Bridge for $1.1 billion, the payment giant’s largest purchase to date. More recently, Coinbase and Mastercard have reportedly held advanced discussions about acquiring London-based stablecoin company BVNK for up to $2.5 billion.

The stablecoin market has grown rapidly, with total circulation reaching approximately $280 billion by mid-2025, up from $200 billion at the start of the year. Industry projections suggest the market could hit $500-750 billion over the next few years, driven by regulatory frameworks like the U.S. GENIUS Act and increasing enterprise adoption.

Modern Treasury processes hundreds of billions of dollars annually on its platform and serves major clients, including Y Combinator-backed companies from the 2018 cohort. The Beam acquisition positions the company to compete with card payment providers by offering faster, lower-cost transfers across both traditional and blockchain-based settlement systems.