Beam

Beam was a stablecoin-native payment service provider (PSP) that set out to bridge on-chain settlement with the traditional payment networks that fintechs and banks already relied on. Founded in 2022 by Dan Mottice, who previously led Visa's crypto settlement products and Visa Direct Payouts, the company positioned itself as the first PSP of its kind to go live simultaneously on Visa Direct, Mastercard Send, the Clearing House's RTP network, and the Federal Reserve's FedNow. It was acquired by Modern Treasury in October 2025 and fully integrated into that platform.

What Beam Built

The core product was a single API that let companies move money across both stablecoin and fiat rails without maintaining separate integrations for each. A business building a cross-border payout product could accept stablecoin deposits, convert to fiat, and settle to a bank account inside the same workflow, or reverse the direction for pay-ins. Beam described this as stablecoin orchestration: combining the speed and programmability of on-chain settlement with the compliance and connectivity requirements of the traditional payments industry.

By the time of its acquisition, Beam had processed more than $350 million in payments globally, according to Modern Treasury's acquisition announcement. The company was registered as a U.S. money services business and held SOC 2 Type II certification, both prerequisites for serving regulated financial institutions and fintech clients.

How It Worked

Beam's infrastructure sat between a client's product and the payment rails. Through the API, clients could accept stablecoin pay-ins from end users or counterparties, convert between stablecoins and fiat in real time, disburse via Visa Direct, Mastercard Send, RTP, FedNow, ACH, or wire depending on the recipient's setup, and manage liquidity across multiple currencies and settlement windows.

The platform handled compliance including built-in KYC, KYB, and AML screening, so that product teams integrating Beam did not need to build those layers from scratch. This was a deliberate design choice for fintechs that needed to operate across jurisdictions without taking on the full regulatory stack of a licensed bank.

Customers and Use Cases

Known Beam customers included Sling Money and Felix Pago, both of which used the platform to move funds between stablecoin and traditional bank rails for their end users. Business platforms Shield and Antimetal also used Beam to support crypto payment acceptance and payout operations.

The model was B2B: Beam sold infrastructure to fintechs, consumer platforms, banks, and other companies building payments products, rather than operating a consumer-facing wallet or exchange.

Team

Dan Mottice founded and led Beam as CEO. His background at Visa gave the company credibility in traditional payment network negotiations that most crypto-native startups lacked, which Mottice cited as central to Beam's ability to achieve live integrations across Visa Direct, Mastercard Send, RTP, and FedNow in combination. The company operated with a small, distributed team of under ten employees.

Funding

Beam raised $14 million in total before its acquisition. The $7 million financing round, announced in May 2025, was led by Castle Island Ventures with participation from Archetype, Bankless Ventures, Verda Ventures, and Arca. Investors from the crypto-native side (Bankless Ventures, Arca, Archetype) alongside Castle Island Ventures reflected a thesis aimed at both on-chain infrastructure and regulated payments markets.

Acquisition by Modern Treasury

On October 16, 2025, Modern Treasury, a payments infrastructure company valued at $2.1 billion, acquired Beam in an all-stock deal worth approximately $40 million. The acquisition was Modern Treasury's first direct move into on-chain stablecoin infrastructure, adding stablecoin rails to a platform that already handled ACH, wires, RTP, FedNow, and Push-to-Card.

Mottice joined Modern Treasury as Head of Beam to lead stablecoin product development. Modern Treasury's combined platform offers fiat and stablecoin payments through one API and one unified ledger, with Beam's stablecoin orchestration capabilities absorbed into that broader system.

Following the integration, Beam's standalone product was wound down. The getbeam.cash domain now redirects to Modern Treasury. As Mottice said at the time of acquisition: "Beam was founded on the belief that stablecoins can play a major role in the future of payments, but to make that real, you need scale, regulatory strength, and trusted infrastructure."