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Rain and M0 Raise $100 Million to Power the Future of Programmable Money

Key Takeaways

  • ​Rain raised $58 million to help banks issue stablecoins with built-in compliance and payroll tools across more than 100 countries;
  • M0 secured $40 million to support app-specific stablecoins with preset rules, already used in gaming and integrated with MetaMask;
  • The $100 million in funding reflects interest in programmable money, digital dollars designed to follow built-in spending rules.

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Rain and M0 Raise $100 Million to Power the Future of Programmable Money

Two companies, Rain and M0, have secured close to $100 million in venture funding as interest grows in programmable money, a type of digital currency that follows built-in rules governing its use.

Rain, based in the United States, recently raised $58 million in a Series B round led by Sapphire Ventures, with support from Dragonfly, Galaxy Ventures, and Samsung Next.

The startup develops tools that allow banks to issue digital dollars with built-in compliance features. Its software supports regulated payroll payments and spending controls that can be applied across borders and blockchains.

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Rain’s system already works with Toku, which helps companies send compliant salaries in over 100 countries. The company is also expanding its reach to include Solana SOL $210.18 , Tron TRX $0.3371 , and Stellar XLM $0.3600 , which allows users to create and manage digital wallets, programmable cards, and other controlled spending solutions.

M0, a Swiss startup founded in 2023, closed a $40 million Series B led by Polychain Capital and Ribbit Capital.

M0 helps developers launch stablecoins with preset features, including token distribution, eligibility criteria for holders, and liquidity. These tokens are made for specific apps or services.

One of M0’s early use cases is with Playtron, which has built a "Game dollar" directly into its gaming device. The token is designed to work exclusively within M0's system. M0 is also collaborating with MetaMask to integrate its programmable stablecoins into crypto platforms.

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Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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