2TM is the company behind Mercado Bitcoin, one of Latin America's largest platforms for buying, selling, and storing cryptocurrency. Beyond simple crypto trading, it also lets people invest in "tokenized" versions of real-world assets, borrow money using their crypto as collateral, and make payments with stablecoins — digital currencies designed to hold a steady value instead of fluctuating like Bitcoin. The platform is licensed to operate across Brazil and Europe, and says it has processed over $30 billion in transactions for 4.5 million users.
2TM has raised USD $20 million in the first close of a Series C round led by Tether, the company behind the world's largest stablecoin, with participation from existing investor SoftBank and the company's own founders.
The funding will go toward expanding 2TM's payments infrastructure, growing its tokenized investment products for everyday and institutional investors, strengthening its lending business, and building out new on-chain financial products.
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