The digital money rail for banks that solves the world’s payment problems
Free of cryptocurrency or blockchain, M10 digitizes money issuance.
M10 works with central banks and commercial banks by supplying the technology that tokenizes two types of fiat money to ensure a safe, regulatory compliant solution:
- Commercial bank money (M1)
- Central bank money (M0)
Instant cross-border remittance
Funds are settled instantly and both parties are notified immediately that the funds were received.
Blockchain-free and full regulatory compliance avoids the problems of stablecoins.
M10 is faster, cheaper and safer than Libra.
Intra-bank transfers
A bank with branches in several countries needs to transfer funds between them. This may be for the bank’s own purposes or for clients.
This can be painfully slow and only possible during weekdays. No more.
With M10, funds transfer and settle instantly between countries 24x7 without the use of those pesky nostro accounts.
It’s a dream come true for treasury managers.
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Federated and fungible
Get and redeem digital money from any participating bank.
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24x7
Instant settlement 24x7x365. Even when CB’s are closed.
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Open, secure APIs
Modern APIs secured through asymmetric cryptography.
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High throughput
Up to one million transactions a second at millisecond latency.
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Low cash requirements
More efficient cash management for banks.
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Easy to join and deploy
Minimum integration effort for banks to join.
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Instant settlement
Transferred funds are available immediately.
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No counterparty risk
Real-time settlement on every transaction.
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Built-in FX
Transactions are faster and cheaper with FX on the rail.
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Instant payments
Transactions settle instantly for local and cross-border.
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24x7
M0 money is available day and night all year around.
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Secure
Modern APIs secured through asymmetric cryptography.
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Private
Banks see their customers’ data. Central bank can see everything.
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Maintains banking system
Central banks keep serving banks who keep serving individuals and companies.
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Tunable monetary policy
Tune an individual bank’s M1:M0 ratio.
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Eliminates counterparty risk
Transactions settle instantly with finality.
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Highly scalable
Up to one million transactions a second at millisecond latency.
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Backup FMI
Does not fail when core banking systems, or RTGS fails.
The core of M10 is a centralized, shared hierarchical ledger.
Rather than each bank having its own digital money ledger, M10 provides a shared ledger where all banks and their customers have digital money accounts.
There is one ledger and multiple issuers per currency.
Inter-bank settlement with digital central bank money avoids counterparty risk.
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M0 Level
Clearing banks linked to a currency’s RTGS. -
M1 Level
Commercial banks and their customers.
The benefit of using a hierarchical ledger is that all accounts are present in the same environment, making transfers instant. It enables instant debits and credits.
Performance
- Designed for high throughput, low latency applications.
- Process up to 1 million transactions per second at millisecond latency.
Open, secure APIs
- Easy, direct access to open, secure REST-based APIs, or use our SDKs.
- Quickly build applications with embedded instant cross-border payments capabilities.
Security
- The ledger guarantees immutability as all transactions are digitally signed.
- Digital signatures are generated using private keys and are verified using the associated public key.
Join the M10 network without engaging IT.
Banks get on the M10 network by simply signing a network agreement. Customer accounts are funded through our gateways to incumbent payment rails. This means zero IT integration effort for banks.
For added functionality, banks may optionally share a few of their core banking APIs with us and we do the heavy lifting to integrate and deploy a secure on-premise server that communicates with the M10 network.
There is no easier way for banks to get started with digital money.
If you can read, you can use our API.
Developer access to the M10 digital money rail is easy and secure.
It’s a hard problem and that’s what we love.
Founded in 2019, M10's mission is to overcome the problems with transferring money internationally, so people worldwide can do business without friction.
- Team has achieved several billion dollar exits
- Deep technical expertise
- Extensive experience with central banks and commercial banks
- Well funded
- Striving for excellence AND having a great time!
Our leadership team is next level
A super experienced team of leaders. Technology and finance. Large companies and small companies. Public companies and startups.
Steve Kirsch is a serial entrepreneur who is now on his 8th company.
Steve invented the optical mouse, pioneered desktop publishing (FrameMaker), Internet search (Infoseek) and in more recent history he is widely known as a security and identity expert.
Steve has had over $2 billion in exits from his previous companies, solidifying his legacy as a successful Silicon Valley leader.
Marten Nelson is a serial entrepreneur who is now on his 3rd company.
Most recently Marten was the co-founder & CMO of Token, the leader in open banking solutions for banks and developers.
Marten has a track record of creating new markets with ground-breaking technologies such as email security and open banking.
Richard Char has been a senior business development executive with leading financial technology companies for over 15 years. Richard was most recently global head of business development at Verifone where he established Verifone’s partnerships with companies such as Visa and Mastercard, First Data and Vantiv, Apple, Google and Samsung, WeChat Pay and AliPay, CyberSource and NMI. Before that Richard was Managing Director of Information Services and Retail Networks with Citibank's Global Enterprise Payments group, where he helped to launch Citi’s first consumer digital wallet and personalized digital offer platform.
Over his career, Richard has been a corporate lawyer, tech investment banker and tech senior executive
Daniel Driscoll is a seasoned engineering leader with formative experience in the military as a Tank Commander and Battle Captain, which he has translated into technology leadership at companies large and small.
After successful roles at Electronic Arts and Salesforce, Dan found his calling in forming and leading start-up engineering teams pursuing ambitious, disruptive opportunities in financial technology.
Not bad right? Let’s talk about it.
Still not convinced? Give us a chance to try again, maybe we can toss a tasty coffee treat your way.