Betashares Leads Macropod Funding Round in Australia’s Stablecoin Venture

Betashares leads a Macropod funding round with Galaxy Digital and Flowdesk joining, signaling growing investor interest in Australia’s stablecoin sector after ASIC approval.

Rich by Coin

2026-03-08

Betashares, the Sydney-based ETF powerhouse, is taking a second bite of Macropod, a stablecoin issuer that last year became the country’s first to win approval from the Australian Securities and Investments Commission. Betashares is the lead investor in a funding round run by Macropod, topping up four months after the passive investing giant acquired a minority stake in the start-up. Galaxy Digital, a digital assets firm valued at about $11 billion on the Toronto Stock Exchange, and BlackRock-backed crypto fintech Flowdesk also joined.

Betashares has emerged as the lead investor in a funding round for Macropod, the stablecoin issuer that won ASIC approval last year. The round follows Betashares’ prior minority stake in the start-up, reinforcing its ongoing involvement in Australia’s crypto infrastructure.

Galaxy Digital and Flowdesk joined the round, underscoring growing investor interest in Macropod. Galaxy Digital is a digital assets firm valued at roughly $11 billion on the Toronto Stock Exchange, while Flowdesk is a BlackRock-backed crypto fintech.

Macropod was among the first in Australia to receive regulatory clearance for a stablecoin, marking a notable milestone for the country’s crypto landscape. The funding round signals momentum for Australia’s stablecoin sector as institutional participants explore opportunities in crypto infrastructure and digital assets.