Salesforce-backed ‘paytech' firm Modern Treasury acquires Beam stablecoin startup for $40 million: Fortune

Salesforce-backed fintech company Modern Treasury has acquired stablecoin startup Beam for $40 million, marking a significant move in the competitive cryptocurrency payments sector. This strategic acquisition positions Modern Treasury to challenge industry giants Stripe and Coinbase in the rapidly growing programmable dollar payments market.

Beam's innovative blockchain technology specializes in instant, programmable stablecoin transactions, offering businesses faster and more efficient digital payment solutions. The acquisition strengthens Modern Treasury's position in the evolving DeFi landscape, where traditional finance meets cryptocurrency innovation.

The $40 million deal highlights increasing institutional adoption of blockchain-based payment infrastructure as companies seek alternatives to traditional banking systems. Modern Treasury's integration of Beam's stablecoin technology could revolutionize how businesses handle cross-border payments, treasury management, and automated financial operations.

This acquisition reflects broader market trends toward programmable money and blockchain-powered financial services. With major players like Stripe and Coinbase dominating the crypto payments space, Modern Treasury's enhanced capabilities through Beam's technology could disrupt the competitive landscape, offering enterprises more sophisticated tools for managing digital asset transactions and treasury operations in the expanding cryptocurrency ecosystem.