COMPANY detail

1MONEY
The World’s First Stablecoin Payments Network

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1MONEY
Company Overview.
Year Founded 2024
Status Private
Specialties Stablecoin Infrastructure, Payments
Company Size 11-50 Employees
Industry Financial Services
Location Bermuda
Description.

1Money is building the world's first Layer 1 blockchain exclusively designed for stablecoin payments. The company emerged from stealth in January 2025 with over $20 million in seed funding from prominent investors including F-Prime Capital, Hack VC, Kraken, KuCoin, BitGo, and other strategic backers. Their network aims to solve critical blockchain limitations that impede stablecoin adoption, including reliance on speculative native tokens, slow settlement times, and volatile gas fees. The protocol does not have a native token or smart contracts, focusing purely on fast, cheap, and compliant stablecoin transactions for businesses.

The company is headquartered in Hamilton, Bermuda and operates globally through its U.S. subsidiary 1Money USA, Inc. (NMLS # 2628653)12. Led by former Binance.US CEO Brian Shroder and Co-Founder Matthew Shroder, the team includes veterans from Meta's Novi, Circle, Ripple, and OKX. As of September 2025, 1Money became the most licensed stablecoin infrastructure provider by securing 34 U.S. Money Transmitter Licenses and a Bermuda Monetary Authority Class F Digital Asset Business License, surpassing competitors Bridge and BVNK714. The 1Money Network leverages a patent-pending Byzantine Consistent Broadcast (BCB) protocol achieving transaction speeds under 1 second and supporting over 250,000 transactions per second with near-infinite horizontal scalability9.

Key Infrastructure.
1Money Network L1 Patent-pending Layer 1 blockchain purpose-built exclusively for stablecoin payments, supporting 250,000+ TPS with sub-second finality and no native token or smart contracts
Fiat-to-Stablecoin On-Ramps Compliance-ready KYC/KYB workflows with multi-currency support, ACH, wire transfer, and virtual account integrations for converting fiat to stablecoins
Stablecoin Orchestration Platform 1Money.com platform providing zero platform fees for receiving, buying, selling, converting, sending, and storing stablecoins and fiat currencies
Stablecoin-to-Fiat Off-Ramps Real-time conversion with transparent pricing, batch payout processing, and global bank settlement capabilities
Enterprise API Suite REST APIs with sandbox environment, webhook notifications, and WebSocket endpoints for payment integration and automation
Cross-Border Payments 24/7/365 instant transaction processing with native multi-currency stablecoin support across multiple L1 networks and transparent fixed-fee pricing
Additional Features.
DBFT Consensus
Deterministic Byzantine Fault Tolerant design protecting user funds from hacks, exploits, and double-spending
Built-in Compliance
Native sanctions blocking controls and automated compliance features meeting global AML standards
Permissioned Validators
Validator network with comprehensive vetting including KYC onboarding and ongoing monitoring
No Network Congestion
Architecture not susceptible to congestion that plagues other networks, ensuring consistent transaction speeds
Gasless Transactions
Platform offers gasless transactions on the 1Money Network for enhanced user experience
No Block Waiting
Transactions processed immediately without block queue, eliminating waiting times common on Ethereum

GENERAL Questions.

What does this company do?
1Money Network is building the world's first Layer 1 blockchain exclusively designed for stablecoin payments. It provides B2B infrastructure including a proprietary blockchain protocol, API suite, stablecoin orchestration platform, and regulated custody services. The network processes transactions in under 1 second with 250,000+ TPS capacity and has no native token or smart contracts.
Who are their main clients?
Their main clients are businesses, fintech companies, and Web3 platforms that need stablecoin payment infrastructure. This includes companies looking to integrate stablecoin payments, on/off ramps, cross-border payments, and custody services.
Are they licensed?
Yes. 1Money holds 34 U.S. Money Transmitter Licenses across U.S. states and a Class F Digital Asset Business License from the Bermuda Monetary Authority. They are also a FinCEN-registered Money Services Business (NMLS # 2628653).
What blockchains/stablecoins supported?
Supported blockchains: Ethereum, Solana, Base, Arbitrum, Avalanche, Binance Smart Chain, Polygon, Tron, and their own 1Money Network. Supported stablecoins: USDT, USDC, PYUSD, RLUSD, EURC, USDG, USDP, MXNB, AUSD.