Monetary Metals Raises $10.5 Million, Bringing Total Funding To Nearly $25 Million - Pulse 2.0
AI desk brief
Monetary Metals raised $10.5 million in equity, bringing total funding to nearly $25 million, to expand its gold yield marketplace. The company said gold deployed through the platform has more than doubled year over year, indicating rising demand from both precious-metals owners seeking gold-denominated yield and businesses needing inventory/production financing.
The model lets investors lease gold to commercial users such as jewelers, refiners, mints and miners in exchange for yield paid in gold rather than cash. Management framed the raise as support for scaling the platform and broadening its international customer base, but no valuation or investor identities were disclosed.
Sources used
- S1 Pulse 2.0 via Google News — Monetary Metals Raises $10.5 Million, Bringing Total Funding To Nearly $25 Million - Pulse 2.0