Global asset manager Franklin Templeton has made a significant investment of $8 million in Cap, a stablecoin project focused on decentralized yield generation. Led by the firm, this seed funding round also saw participation from prominent venture capital firms specializing in Web3 technologies. This crucial milestone will facilitate Cap’s mission to develop a decentralized solution for yield generation within DeFi (Decentralized Finance). The investment comes at a pivotal moment as Cap expands its deployment across “shared security markets” like EigenLayer and Symbiotic, facilitating greater collaboration between traditional financial institutions and crypto-native firms.