Cap Labs, a New York-based startup, has raised $8 million in a funding round led by Franklin Templeton and Triton Capital to develop a yield-focused stablecoin infrastructure. With this round, the total investment in the company has reached $11 million.
The round also saw participation from notable names in both the crypto and traditional finance sectors, including Flow Traders, Laser Digital, GSR, and IMC Trading, as well as Curve founder Michael Egorov and LayerZero co-founder Bryan Pellegrino.
Cap Labs is working on a stablecoin mechanism that provides yield through collateral-backed systems. The company's mission is to enable individuals and institutions to earn yield in a safer and more sustainable way.
By combining decentralized finance (DeFi) with traditional financial models, Cap Labs is creating a next-generation stablecoin infrastructure. The company also collaborates with high-frequency trading firms and private credit funds to establish steady revenue streams. Users can increase their earnings by staking or providing collateral through protocols like EigenLayer.
Benjamin Lens, the founder of Cap Labs, stated:
"For decentralized finance to reach its next wave of adoption, infrastructure must be focused on protecting users. Cap’s yield infrastructure, supported by EigenLayer’s shared security model, sets a new standard for on-chain finance."
Cap Labs plans to officially launch its platform in the second quarter of 2025.
