When was Plasma founded?

Plasma was founded in 2024 and raised its 1st funding round within a year of its incorporation.

Where is Plasma located?

Plasma is headquartered in Milan, Italy.

How many employees does Plasma have?

As of May 31, 2026, the latest employee count at Plasma is 57.

Is Plasma a funded company?

Plasma is a funded company, having raised a total of $24M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Oct 18, 2024.

When was the latest funding round of Plasma?

Plasma's latest funding was a $***** Series A round on Feb 13, 2025, with participation from 4 investors.

Where does Plasma rank among its competitors?

Plasma ranks 15th amongst 317 active competitors, of which 72 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was JPYC, which secured $31.4M in May, 2026.

Who are the top competitors of Plasma?

Plasma's top competitors include Circle, Terra and KAST. Among them, JPYC secured the most recent funding round in May, 2026.

Plasma - 2026 Company Profile, Team, Funding & Competitors

Plasma is a series A company based in Milan (Italy), founded in 2024 by Christian Angermayer and Paul Faecks. It operates as a Provider of stablecoin platform. Plasma has raised $24M in funding from Bitfinex and Framework Ventures. The company has 317 active competitors, including 72 funded and 7 that have exited. Its top competitors include companies like Circle, Terra and KAST.

Company Details

Provider of stablecoin platform. It enables access to stablecoins, which are tokens pegged to fiat currencies, offering permissionless access to leading currencies like the US dollar.

Website: www.plasma.to/
Social
Email ID: *****@plasma.to, *****@plasma.to

Key Metrics

Founded Year

2024

Location

Milan, Italy

Stage

Series A

Total Funding

$24M in 2 rounds

Latest Funding Round

Series A, Feb 13, 2025, $*****

Investors

Bitfinex & 7 more

Ranked

15^th among 317 active competitors

Employee Count

57 as on May 31, 2026

Investment & Acquisitions

Osero

Similar Companies

Circle & 531 more

View Plasma's full profile

Plasma has raised a total funding of $24M over 2 rounds. Its first funding round was on Oct 18, 2024. Its latest funding round was a Series A round on Feb 13, 2025 for $*****. 4 investors participated in its latest round. Plasma has 5 institutional investors and 3 angel investors.

Here is the list of recent funding rounds of Plasma:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 13, 2025	2092518	Series A	3102069	6977249	3047061	9157137
Oct 18, 2024	3821592	Seed	9353343	3712985	Bitfinex	Christian Angermayer & 3 more

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View details of Plasma's funding rounds and investors

The founders of Plasma are Christian Angermayer and Paul Faecks. Paul Faecks is the CEO of Plasma.

Here are the details of Plasma's key team members:

Christian Angermayer: Co-Founder of Plasma and founder of 2 other companies, AtaiBeckley and atai Life Sciences.
Contact Info: 1 email address
Paul Faecks: Co-Founder & CEO of Plasma.

View details of Plasma's Founder profiles and Board Members

Plasma's employee count trend

Plasma has 57 employees as of May 26. Here is Plasma's employee count trend over the years:

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Top competitors of Plasma include Circle, Terra and KAST. Here is the list of Top 10 competitors of Plasma, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Circle 2013, Boston (United States), Public	Cross-border payment solution for businesses focusing on cryptocurrency	$1.5B	Fidelity Investments, Breyer Capital & 51 others	88/100
2nd	Terra 2018, Singapore (Singapore), Series B	Blockchain network for payments	$125M	Huobi, Binance Labs & 42 others	76/100
3rd	KAST 2024, Mutsamudu (Comoros), Series A	App-based platform offering stablecoins	$90M	QED Investors, HSG & 3 others	75/100
4th	Celo 2011, San Francisco (United States), Acquired	Blockchain-based stable coins for social payments and money transfers	$65M	Andreessen Horowitz, Polychain & 52 others	71/100
5th	StableCorp 2019, Toronto (Canada), Series A	Decentralized stable coin used for enabling B2B payments	$8.51M	FTP Ventures, VersaBank & 11 others	59/100
6th	JPYC 2019, Chiyoda City (Japan), Series B	Prepaid Japanese Yen Stablecoin made on public blockchain	$67.5M	Headline, Ds Hd & 17 others	57/100
7th	TrustToken 2017, San Francisco (United States), Series A	Decentralized platform for physical asset tokenization	$32.5M	BlockTower, Jump Trading & 29 others	57/100
8th	MakerDAO 2014, San Francisco (United States), Series A	Stable coin based on Ethereum blockchain	$63M	Andreessen Horowitz, Transform Capital & 25 others	56/100
9th	1Money 2024, Bermuda, Seed	Provider of a stablecoin payments network	$20M	F-Prime Capital, Ethereal Ventures & 26 others	56/100
10th	Schuman Financial 2024, Paris (France), Seed	Developer of infrastructure for on-chain finance	$7.36M	RockawayX, Bankless Ventures & 5 others	56/100
15th	Plasma 2024, Milan (Italy), Series A	Provider of stablecoin platform	$24M	Anthos Capital, Bitfinex & 6 others	54/100