Modern Treasury will acquire Beam, a startup specializing in stablecoin-based payment infrastructure, in an all-stock transaction valued at $40 million.
The deal marks Modern Treasury’s first major move into blockchain-enabled finance and reflects growing institutional interest in programmable money and digital dollar rails.
Fortune first reported the news.
Founded in 2018, Modern Treasury offers payment operations software used by companies such as Stripe and Gusto to automate bank transfers and reconciliation. Beam, launched in 2022, builds systems for real-time transactions using stablecoins — cryptocurrencies pegged to fiat currency—to reduce settlement time and costs.
According to Fortune, Beam’s technology will be integrated into Modern Treasury’s existing payments APIs to enable instant value transfer across traditional and crypto rails.