Atum Raises $14M to Launch Open Payments Network for Global Money Movement
Summary
Atum has successfully raised $13.5 million to launch its open payments network aimed at facilitating global money movement. This innovative network connects payment companies, developers, and enterprises without the need for issuing a currency or managing a blockchain, allowing for efficient payment authorization and service delivery. Additionally, by supporting both human and AI agent payments through various protocols, Atum enhances its functionality as an open-loop coordination layer that optimizes transactions across multiple chains and stablecoins.
Analysis
Atum: Atum operates as a coordination layer for global payments, linking payment companies, developers, and enterprises through an open network. It facilitates money movement across stablecoins and various rails without issuing assets, running blockchains, or holding customer funds. The company recently emerged from stealth to launch this network, enabling authorization, routing, and settlement for both traditional and agentic payments. Infrastructure: Atum functions as an open-loop coordination layer that handles payment authorization, quote selection from competing settlement providers, and delivery confirmation across supported chains and stablecoins. Agentic Support: The network enables payments for both humans and AI agents via protocols such as x402 and MPP.
Categories
tech
Related sources
- https://phemex.com/news/article/stablecoin-payment-network-atum-raises-135m-seed-round-led-by-variant-97557
- https://lookonchain.com/feeds/73779
- https://www.prnewswire.com/news-releases/atum-emerges-from-stealth-with-the-open-payments-network-for-global-money-movement-302886088.html
- https://www.odaily.news/zh-CN/newsflash/519737
- https://atum.xyz/
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- https://www.panewslab.com/zh/articles/01a0ccf0-7a61-70cb-b16d-20f54a6db1f9
- https://docs.atum.xyz/get-started/overview/what-is-atum
- https://atum.xyz/provide-liquidity/
- https://www.chaincatcher.com/en/article/2291613
- https://www.theblockbeats.info/flash/368586
- https://www.techflowpost.com/en-US/newsletter/137442
- https://www.odaily.news/en/newsflash/519737