Macropod, a licensed issuer of an Australian dollar-backed stablecoin, has announced a minority strategic investment led by Betashares, an Australian financial services company with more than AU$75 billion in assets under management across ETFs, managed accounts and superannuation.
The investment also includes participation from digital asset firms Galaxy Digital, Flowdesk, DACM and Primal Capital.
The capital raise follows Macropod’s regulatory authorisation and will support the expansion of AUDM, its regulated Australian dollar stablecoin, as institutional demand grows for compliant digital settlement infrastructure.
Interest in stablecoins has increased among financial institutions exploring their use in payments, cash management, tokenised assets and cross-border settlement, supported by improving regulatory clarity and the need for faster financial infrastructure.
Macropod issues AUDM as a fully backed Australian dollar stablecoin intended to support tokenised settlement infrastructure for payments providers, wealth platforms, asset managers, superannuation funds and digital markets.
The company backs the token on a one-to-one basis with cash reserves held in segregated trust accounts at several major Australian banks.
Macropod will use the investment proceeds to expand AUDM issuance and distribution across exchanges, wealth platforms, payments providers and enterprise partners.
The company also plans to strengthen its regulatory and compliance functions, including engagement with ASIC, AUSTRAC and the Treasury as Australia’s digital asset framework develops.
In addition, Macropod intends to enhance its technology platform to support large-scale settlement and expand commercial partnerships across sectors including superannuation, asset management, remittances, trade finance and tokenised markets.
The funding will also support liquidity provision, custody and settlement integrations, targeted hiring in engineering and compliance, and regulated pilot programmes focused on real-time settlement and tokenised financial markets.
“The participation of Betashares and a selected range of global and regional leaders in digital assets constitutes a significant milestone for Macropod,”
said Drew Bradford, CEO of Macropod.
“We are committed to building digital markets in a safe and transparent way, and the capital strengthens our ability to scale AUDM, expand our technology platform and accelerate adoption across payments, wealth and tokenised settlement markets.”
Featured image credit: Macropod
