1Money Company Profile

Background

1Money is a pioneering financial technology company dedicated to revolutionizing global payments through the integration of stablecoins and traditional payment systems. Founded in late 2022 by a team of seasoned entrepreneurs with over a decade of experience in the payments industry, 1Money aims to modernize cross-border transactions, provide stablecoin-funded payment cards, and enable inclusive access to US dollars and yields.

Key Strategic Focus

1Money's strategic focus centers on developing a Layer 1 payments network exclusively designed for stablecoin transactions. This network is engineered to offer instant transaction confirmations, low and predictable fees, robust security, and seamless compliance. By supporting multiple stablecoins across various fiat currencies, 1Money aims to bridge the gap between decentralized finance (DeFi) and mainstream adoption, making stablecoin payments more accessible and practical for everyday use cases, including peer-to-peer transfers, e-commerce purchases, and remittances.

Financials and Funding

In January 2025, 1Money emerged from stealth mode, announcing over $20 million in seed funding. The funding round saw participation from prominent investors such as F-Prime Capital, Galaxy Ventures, Hack VC, Tribe Capital, Portage, Ethereal Ventures, CMT Digital, and others. The capital is intended to power the launch of the 1Money Network, a next-generation payment network dedicated solely to stablecoin payments.

Pipeline Development

1Money is in the advanced stages of developing its proprietary Layer 1 protocol, the 1Money Network, which is purpose-built and optimized for stablecoin payments. The network is designed to handle over 250,000 transactions per second (TPS) with potential for unlimited growth, ensuring scalability to meet global demand. Key features include instant transaction confirmations, fixed low-cost fees, native multicurrency support, and built-in compliance mechanisms. The company plans to launch the network in the second quarter of 2025.

Technological Platform and Innovation

1Money's technological innovation is anchored in its patent-pending Byzantine Consistent Broadcast (BCB) protocol, which eliminates common issues such as transaction delays, volatile fees, security vulnerabilities, and compliance challenges associated with existing blockchains. The network's architecture supports multiple stablecoins tied to various fiat currencies, allowing users to pay transaction fees directly in the stablecoin they are using, thereby eliminating the need for speculative 'gas' tokens. Additionally, the network features native, embedded compliance mechanisms that automate sanctions controls, setting a new standard for compliance innovation and network integrity.

Leadership Team

1Money has assembled a world-class leadership team with extensive experience in fintech, blockchain, payments, and compliance:

Brian Shroder, Co-Founder and Chief Executive Officer:

Former President and CEO of Binance.US, where he led the company to raise over $250 million in outside capital and served over 8 million customers.

Previous executive roles at Ant Group.

Matthew Shroder, Co-Founder, President, and Chief Operating Officer:

Former Senior Vice President of Global Operations and Expansion at Binance.

Previously Global Head of Product Operations for ride-sharing at Uber.

Christopher Lalan, Chief Legal Officer:

Former Deputy General Counsel for crypto exchange OKX, focusing on global expansion and regulation.

Previously Head of the Products and Regulatory Team at Circle.

Kristen Hecht, Chief Compliance Officer:

Former Deputy Chief Compliance Officer at Binance.

Previously Chief Compliance Officer at Meta's Novi digital asset wallet for the Diem blockchain.

Brian Enclade, Chief Information Security Officer:

Former Chief Information Security Officer at Ripple.

Over two decades of experience in cybersecurity, specializing in blockchain resiliency.

Leadership Changes

In March 2025, 1Money announced the appointment of several key executives to its leadership team, including Brian Shroder as CEO, Matthew Shroder as President and COO, Christopher Lalan as Chief Legal Officer, Kristen Hecht as Chief Compliance Officer, and Brian Enclade as Chief Information Security Officer. These appointments reflect the company's commitment to assembling a team with deep expertise in digital assets, compliance, and security to drive the successful launch and operation of the 1Money Network.

Competitor Profile

Market Insights and Dynamics

The stablecoin market has experienced exponential growth, with settlements reaching $8 trillion, surpassing Mastercard and set to exceed Visa in 2023. This rapid adoption underscores the increasing significance of stablecoins in the global financial ecosystem and highlights the demand for efficient, secure, and compliant payment networks tailored to stablecoin transactions.

Competitor Analysis

While several blockchain protocols support stablecoin transactions, 1Money differentiates itself by offering a purpose-built Layer 1 network exclusively designed for stablecoin payments. Competitors include traditional payment networks like Visa and Mastercard, which are exploring stablecoin integrations, and blockchain platforms such as Ethereum and Solana that facilitate stablecoin transactions but are not exclusively optimized for them. 1Money's focus on instant transaction confirmations, low fees, and built-in compliance mechanisms positions it uniquely in the market.

Strategic Collaborations and Partnerships

1Money has secured strategic investments from a diverse group of prominent financial institutions, venture capital firms, and strategic investors, including F-Prime Capital, Galaxy Ventures, Hack VC, Tribe Capital, Portage, Ethereal Ventures, CMT Digital, Kraken Ventures, KuCoin Ventures, BitGo Ventures, Bing Ventures, MoonPay Ventures, CoinFlip, Bankless Ventures, Perry Creek Capital, A100x Ventures, VARIV, Anagram, Generative Ventures, Lvna Capital, Ambush Capital, Borderless Capital, Pharsalus Capital, Protagonist, gumi Cryptos Capital, Hexa Capital, Karman Ventures, and R3D3 Ventures. These partnerships provide not only financial backing but also strategic guidance and industry connections to support the successful launch and scaling of the 1Money Network.

Operational Insights

1Money's operational strategy leverages its proprietary technology and experienced leadership to address key challenges in the stablecoin payment space, including transaction speed, cost, security, and compliance. By focusing exclusively on stablecoin payments, 1Money aims to offer a superior user experience compared to multi-purpose blockchain platforms and traditional payment networks. The company's commitment to compliance and security positions it favorably in a regulatory environment that is increasingly scrutinizing digital asset transactions.

Strategic Opportunities and Future Directions

Looking ahead, 1Money plans to launch the 1Money Network in the second quarter of 2025, with the goal of becoming the leading payment network for stablecoin transactions globally. The company is exploring opportunities to expand its network's capabilities, including support for additional stablecoins and fiat currencies, partnerships with financial institutions and merchants, and the development of user-friendly applications to facilitate stablecoin payments for a broad range of use cases. By addressing the limitations of existing payment networks and blockchain platforms, 1Money is well-positioned to drive the mainstream adoption of stablecoins and reshape the global payments landscape.