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About 1Money
1Money is a Layer 1 blockchain purpose-built for stablecoin payments, paired with its regulated platform for sending, receiving, converting, and custodizing fiat and stablecoins. It addresses the pain of volatile fees, confirmation delays, and the need to hold speculative gas tokens on existing chains, using a Deterministic Byzantine Fault Tolerant (DBFT) consensus mechanism and a patented Byzantine Consistent Broadcast protocol for sub-second finality, plus TSS-MPC threshold signatures for institutional custody, with fees denominated in the stablecoin used, native multi-currency and cross-chain bridging, and built-in compliance and sanctions screening, positioned as a compliant payment base for fintechs and enterprises, emphasizing traditional-finance-grade legibility and controllability.
1Money uses permissioned validators with KYC compliance and does not support smart contracts, which raises compliance and security but limits programmability and ecosystem composability, and early adoption remains to be proven.
1Money, a purpose-built Layer 1 for stablecoin payments, emerged from stealth in January 2025 with over $20 million in seed funding from investors including F-Prime Capital, Galaxy Ventures, and Kraken Ventures. In March 2025, it announced its leadership team, featuring CEO Brian Shroder (former President of Binance.US) and COO Matthew Shroder, alongside legal expert Christopher Lalan, signaling its ambition to build a compliant, enterprise-grade payment network.
In August 2025, 1Money launched its TestNet and Developer Portal, a pivotal milestone toward its MainNet launch. The TestNet demonstrated its patent-pending Byzantine Consistent Broadcast (BCB) mechanism, achieving sub-second transaction finality and processing over 250,000 transactions per second. Crucially, the network eliminates the need for a native gas token, allowing fees to be paid directly in stablecoins—a fundamental innovation for real-world payment adoption. These milestones mark 1Money's transition from concept to functional infrastructure, positioning it as a potential backbone for global stablecoin payments.
In March 2026, 1Money partnered with Powertranz, a payment gateway covering the Caribbean and Central America, enabling more than 10,000 of its merchants to settle invoices and service fees in stablecoins; the companies published details on May 1 and described it as the first phase of a wider stablecoin payments strategy.
1Money has raised over $23 million from investors including F-Prime Capital, Galaxy Ventures and Hack VC. Its patent-pending Layer 1 uses a Byzantine Consistent Broadcast consensus, charges fees in the stablecoin being spent, and operates through licensed entities holding more US money-transmitter licences than most competitors.
1Money is building on stablecoin settlement for over 10,000 Powertranz merchants across the Caribbean and Central America (phase one), expanding stablecoin issuance-as-a-service and RWA channels to more local payment systems and acquiring networks. Using US money transmission licenses held by licensed entities, 1Money deepens Latin American and Caribbean markets and, via the patented Byzantine Consistent Broadcast consensus that prices fees in the paid stablecoin, extends stablecoin payments from invoice settlement to payroll, cross-border remittance and B2B clearing.
Brian Shroder is co-founder, chairman and chief executive. He graduated from Harvard Business School and began at Boston Consulting. He led Binance.US as president and chief executive from 2021 to 2023, later held senior roles at Ant Group and led Uber's Asia Pacific strategy, founding this project in 2024.
Matthew Shroder is co-founder, president and chief operating officer. A seasoned operator, he was senior vice president of global operations at Binance and an early Uber employee, in leadership roles for six years.
Kristen Hecht is chief compliance officer with nearly twenty years of experience. She was chief compliance officer for Meta's Novi wallet, head of compliance at Paxos and deputy chief compliance officer at Binance, after nine years at the US Treasury.
Christopher Lalan is chief legal officer, previously deputy general counsel at OKX and associate general counsel at Circle.
Brett Enclade is chief information security officer, previously at Ripple.
The board also includes Kenneth A. Blanco, and the executive team spans operations, compliance, legal and security.