1Money is building the world’s first Layer 1 payments network exclusively for stablecoins, designed to deliver sub-second confirmations, low fixed fees, and native compliance. The protocol uses a patent-pending Byzantine Consistent Broadcast (BCB) design intended to eliminate long delays, surge-pricing fees, security vulnerabilities, and compliance gaps on existing blockchains. Key features include instant transaction confirmation (under one second), fixed low-cost fees with plans for gasless transactions through partners, native multicurrency stablecoin support, and network fees charged in the transacted stablecoin. The network claims scalability above 250,000 transactions per second and includes embedded compliance mechanisms to automate sanctions controls. 1Money emerged from stealth with over $20 million in seed funding and plans to launch the 1Money Network in Q2, using the capital to power product development and the network rollout. The company emphasizes simplifying the Web3 experience by removing complex tokenomics, staking, and governance layers to accelerate mainstream and enterprise adoption of stablecoin payments.

Total raised

$20M

Funding rounds

1

Latest round

Seed

Latest activity

Jan 2025