1Money, which is developing the world's first purpose-built Layer 1 exclusively designed for stablecoins payments, today emerged from stealth announcing over $20 million in funding. The seed capital will power the launch of the 1Money Network, a next-generation payment network engineered to be the fastest, cheapest, and most compliant Layer 1 protocol dedicated solely to stablecoin payments.

The seed funding round includes participation from prominent financial institutions, venture capital firms and strategic investors including: F-Prime Capital, Galaxy Ventures, Hack VC, Tribe Capital, Portage, Ethereal Ventures, CMT Digital, Kraken Ventures, KuCoin Ventures, BitGo Ventures, Bing Ventures, MoonPay Ventures, CoinFlip, Bankless Ventures, Perry Creek Capital, A100x Ventures, VARIV, Anagram, Generative Ventures, Lvna Capital, Ambush Capital, Borderless Capital, Pharsalus Capital, Protagonist, gumi Cryptos Capital, Hexa Capital, Karman Ventures, and R3D3 Ventures.

1Money Co. is building the world's first Layer 1 payments network exclusively for stablecoins, designed to deliver the fastest, cheapest, and most secure transactions globally. Backed by leading investors and built on cutting-edge technology, 1Money aims to revolutionize global finance by providing a superior stablecoin payment experience for users worldwide. Purpose-built for stablecoin payments, the 1Money Network ensures instant confirmations, industry-low fixed fees, world-class security, and native compliance features. Supporting multiple stablecoins across various fiat currencies, the platform eliminates the need for speculative assets or complex 'tokenomics,' with network fees paid directly in the stablecoin being transacted. By simplifying the Web3 experience through its revolutionary technology, 1Money aims to accelerate the mainstream adoption of stablecoins as a foundation for the future of global finance.