Modern Treasury enhances money movement platform with Beam acquisition

Core Insights - Modern Treasury has acquired Beam, a stablecoin and fiat payment platform, to enhance its money movement capabilities by integrating Beam's technology and team [1][3] - The acquisition allows Modern Treasury to support transactions through stablecoins, card-based payments, and traditional methods via a single API [1] Group 1: Acquisition Details - The acquisition aims to improve the efficiency of payment product setups by conducting necessary compliance checks through a simplified API process [2] - Beam's proven track record in real-time payments for stablecoin transactions complements Modern Treasury's existing infrastructure, which has processed hundreds of billions of dollars [3] Group 2: Leadership and Vision - Dan Mottice, Beam's CEO and founder, will lead Beam at Modern Treasury, bringing experience from his previous role at Visa [4] - The collaboration is expected to accelerate the vision of integrating stablecoin capabilities into Modern Treasury's platform, enhancing liquidity management and payment efficiency [5]