1Money
Founded 2024 · 23 employees on LinkedIn · 9 known investors
1Money builds a decentralized payment network for stablecoin and tokenized deposit transfers, designed for global financial settlements. The network emphasizes security, compliance, and transaction speed without smart contract vulnerabilities.
Also known as 1Money Network
Founders & leadership
1Money was founded in 2024 by Matt Shroder and Brian Shroder.
Investors · 9
Funding
SEC filings, press & company announcements- Undisclosed amountseed fundingJan 2025Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Aug 20261Money Network is developing a payments network dedicated exclusively to stablecoins and tokenized deposits, which it positions as the foundation of a global financial network. Rather than a general-purpose blockchain, the company describes itself as building a vertically integrated operating system for moving programmable money, with a single focus on the stablecoin payments experience instead of the broad feature sets of other Layer 1 and Layer 2 protocols.
The network is designed to support multiple stablecoin tokens denominated in a variety of fiat currencies natively, with network fees paid in the same stablecoin being sent (for example, fees on a USD stablecoin transfer are paid in that USD stablecoin) so users do not need to hold a separate gas or speculative token. Fees are described as fixed rather than variable, with plans for free, "gasless" transactions via ecosystem partners. Planned interoperability includes native bridging for supported stablecoins to chains such as Ethereum and Solana, and integration with self-custody wallets including MetaMask and Phantom. The design deliberately omits smart contracts, staking, slashing, proof-of-work, tokenomics and governance layers.
As of the material reviewed, the network had not yet launched, with the company's FAQ addressing launch timing. The company states it has raised over $20 million in capital from prominent investors.
Traction
The company reports having raised over $20 million in capital. Its website indicates the network had not yet launched at the time of publication.
▸Full profile — market position, technology, go-to-market
Market position
1Money positions itself as the first purpose-built network for stablecoin payments, differentiating from general-purpose Layer 1 and Layer 2 blockchains that it characterizes as attempting to serve many use cases at once, and from traditional payment networks on security grounds.
Stated points of differentiation include exclusive focus on stablecoin payments; blockless, sub-second and equal-priority transaction processing with no fee-based queue jumping; native multicurrency stablecoin support; fees denominated in the stablecoin being transferred with fixed rather than variable pricing; absence of smart contracts, staking, slashing and governance tokens; protocol-level compliance controls with vetted, permissioned validators; and a patent-pending consensus/broadcast protocol claimed to deliver high throughput and horizontal scalability.
Technology
The network uses a decentralized, Deterministic Byzantine Fault Tolerant (DBFT) design, which the company contrasts with probabilistic BFT blockchains such as Bitcoin, and a patent-pending Byzantine Consistent Broadcast (BCB) protocol. There are no blocks: transactions are processed immediately and with equal priority, so there is no transaction reordering or fee-based prioritization, and confirmation is stated at under one second. The company reports architecture supporting over 250,000 transactions per second, with capacity said to scale linearly via node-level horizontal sharding and with transaction processing decoupled from features such as governance and advanced checkpointing. Smart contracts are not supported, which the company frames as removing a class of exploit and congestion risk. Compliance functions are built into the protocol, including automated sanctions blocking controls; the network is described as open and permissionless while validators are permissioned and must pass vetting including AML/KYC onboarding and ongoing monitoring.
Go-to-market
Stablecoin senders and receivers generally, including mainstream users the company aims to reach beyond existing Web3 audiences, plus ecosystem partners that could sponsor gasless transactions and permissioned validator entities that meet AML/KYC vetting requirements.
Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Competitors · 2
by search overlap
Companies competing with 1Money for the same Google search keywords, organic and paid, via search-intersection analysis.
In the news
▸Research sources · 1
primary sources listed
- 1Money1moneynetwork.com · web
1 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does 1Money do?
- 1Money is building a purpose-built Layer 1 network for stablecoin and tokenized deposit payments.
- Who founded 1Money?
- 1Money was founded by Matt Shroder, Brian Shroder in 2024.
- Who are 1Money's investors?
- 1Money's investors include A100X Ventures, CMT Digital Ventures, Ethereal Ventures Management Ltd., F-Prime Capital, Generative Ventures, Hack VC, Protagonist, Triton Capital and 1 more.