Payments orchestration platform Modern Treasury is expanding into stablecoins through the acquisition of Beam. Financial terms of the deal were not disclosed.
Beam is a stablecoin and fiat payment platform catering to clients like Sling Money. For businesses integrating payments into their products, the unified platform will enable real-time transactions via stablecoins, Push-to-Card, and conventional methods such as RTP, FedNow, ACH, and wires through a single API.
By managing KYC, KYB, and AML compliance across fiat and blockchain systems, Modern Treasury aims to expedite the launch of payment products, significantly reducing the traditional six-month onboarding process to just a few API calls.
Beam founder Dan Mottice, who previously oversaw Visa’s crypto settlement products and Visa Direct Payouts, is joining Modern Treasury as Head of Beam. He states, “Beam’s stablecoin and fiat orchestration capabilities will be integrated into Modern Treasury’s platform to facilitate instant pay-ins and payouts, enhance FX efficiency, and promote next-generation liquidity management within a trusted enterprise-grade system.”
Dimitri Dadiomov, president of Modern Treasury, adds, “Currently, companies must coordinate multiple providers for ACH, stablecoins, and real-time payments, which is both costly and complex. With Beam, Modern Treasury becomes the first payments platform to offer faster, more reliable, and cost-effective money movement across major rails, including fiat on and off ramps, cross-border transactions, and remittance flows powered by stablecoins.”