About Mountain Protocol
Mountain Protocol is a company based in Pembroke (United Kingdom) founded in 2023 by Matias Caricato and Martin Carrica was acquired by Anchorage Digital in May 2025. Mountain Protocol has raised $12 million across 2 funding rounds from investors including Coinbase, Anchorage Digital and Multicoin Capital. Mountain Protocol operates in a competitive market with competitors including TrustToken, Celo, MakerDAO, Circle and Origin Protocol, among others.
- Headquarter Pembroke, United Kingdom
- Founders Matias Caricato, Martin Carrica
- SectorsFinancial Services
- Email••••••••
- Website mountainprotocol.com
- Social LinkedIn X
- Acquired by Anchorage Digital (May 2025)
- Total Equity Funding$12M (USD)
in 2 rounds
- Latest Funding Round$8M (USD), Series A
Jun 2024
- InvestorsCoinbase
& 3 more
- Acquired byAnchorage Digital
(May 2025)
Funding Insights of Mountain Protocol
Mountain Protocol has successfully raised a total of $12M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $8 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $12M
- Total Rounds 2
- Last Round Series A — $8M
- First Round $4M
(Sep 2023)
- Investors Count 3
All 2 funding rounds of Mountain Protocol with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2024 | $8M | Series A | – | Multicoin Capital | |
| Sep 2023 | $4M | Seed | – | – | – |
4 investors in total: 4 institutional.
Investors in Mountain Protocol
Mountain Protocol has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Coinbase, Anchorage Digital and Multicoin Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund focused on blockchain and cryptocurrency companies | – | castleisland.vc | Cambridge, United States | |
Venture capital is invested in blockchain and cryptocurrency sectors. | 2017 | multicoin.capital | Austin, United States | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | coinbase.com | San Francisco, United States | |
Crypto platform for institutions with integrated financial services and infrastructure solutions | 2017 | anchorage.com | San Francisco, United States |
Investor details for Mountain Protocol
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Mountain Protocol
2 people are tracked at Mountain Protocol (2 in leadership).
| Name | Role | Group |
|---|---|---|
Matias Caricato | Co-Founder | Leadership |
Martin Carrica | Co-Founder | Leadership |
Complete people profiles for Mountain Protocol
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Timeline of Mountain Protocol
4 dated milestones of Mountain Protocol across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Mountain Protocol is founded.
- Funding First funding round of $4.0M.
- Funding Latest funding round, Series A, of $8.0M.
- Exit Acquired by Anchorage Digital.
Competitors of Mountain Protocol
Mountain Protocol operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as TrustToken, Celo, MakerDAO, Circle and Origin Protocol, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| trusttoken.com | 2017 | San Francisco, United States | $32.5M | – | Physical assets are tokenized on a decentralized platform for liquidity. | |
| celo.org | 2011 | San Francisco, United States | $57.5M | 50 | Blockchain-based stablecoins are utilized for social payments and transfers. | |
| makerdao.com | 2014 | San Francisco, United States | $15M | – | A collateral-backed stablecoin is issued on the Ethereum blockchain. | |
| circle.com | 2013 | Boston, United States | $1.5B | – | Cross-border cryptocurrency payments for businesses are enabled through APIs. | |
| originprotocol.com | 2017 | San Francisco, United States | $31.5M | 11 | A blockchain platform is provided for building decentralized marketplaces. | |
| reserve.org | 2017 | Oakland, United States | – | 3 | A stablecoin and decentralized payment protocol are provided by Reserve. | |
| gyro.finance | 2020 | London, United Kingdom | $4.5M | 303 | Asset-backed stablecoin offered via Gyroscope platform with diversified reserves. | |
| kinesis.money | 2018 | George Town, Cayman Islands | $60.35M | – | A gold- and silver-backed cryptocurrency is provided by Kinesis. |
Detailed competitors of Mountain Protocol
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of Mountain Protocol
The website of Mountain Protocol (mountainprotocol.com) receives about 1.2K visits a month.
- Monthly visits1.2K
▲ 7.6% vs previous month
Latest news on Mountain Protocol
Complete news archive for Mountain Protocol
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- Full article archive
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Similar companies to Mountain Protocol
10 companies that operate in the same segment as Mountain Protocol (Cryptocurrencies), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | – | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | – | |
App-based platform for exchange and trading solutions for cryptocurrency | 2011 | London, England, United Kingdom | USD 700 M | – | – | |
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, France | USD 575.4 M | – | – | |
App-based wallet and exchange platform for cross-border money transfers | 2013 | London, England, United Kingdom | USD 73.36 M | – | – | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 3,770 | |
Cryptocurrencies are traded and exchanged through an online platform. | 2014 | Mexico City, Mexico | USD 331.35 M | – | – | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 85 | |
Mobile app for storing and trading cryptocurrencies is utilized. | 2013 | London, England, United Kingdom | USD 13 M | – | – |
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Frequently Asked Questions about Mountain Protocol
Mountain Protocol was founded in 2023.
Mountain Protocol is headquartered in Pembroke, United Kingdom. It is registered at Pembroke, Pembrokeshire, United Kingdom.
Mountain Protocol is a funded company, having raised a total of $12M across 2 funding rounds to date. The company's 1st funding round was a Seed of $4M, raised on Sep 2023.
Founded in 2023 and based in Pembroke, United Kingdom, Mountain Protocol operates in the cryptocurrency sector. Yield-bearing stablecoins are issued by the company, with direct links established between tokens and underlying assets to eliminate traditional legal frameworks. Core services focus on stable value mechanisms integrated with yield generation, serving users in decentralized finance applications across global markets. Co-founders Matias Caricato and Martin Carrica lead the operations.
Mountain Protocol's top competitors include Circle, Celo and TrustToken.
Mountain Protocol has 4 investors. Key investors include Coinbase, Anchorage Digital, Multicoin Capital, and Castle Island Ventures.
Yes. Mountain Protocol was acquired by Anchorage Digital in May 2025.