The liquidity of USDC makes use of the machinery of the Circle Account.  However, the Circle account has more to offer than just that.  Venture Capital Firms and Innovative Online Organizations take advantage of the speed, convenience, and transparency of the Circle account infrastructure to make the funding process easier.

Jeremy Allaire, co-founder and CEO of Circle, stated, “DAO proliferation is probably one of the most profound micro-economic transformations happening since the industrial revolution and the broad-based birth of joint-stock corporations, which formed the seeds of the banking and capital markets system we live in today,”

Further stated, “I’m hopeful that as Circle continues to iterate on our vision of a digital currency account for businesses, we can continue to create more DAO-friendly treasury infrastructure.”

The causes which the DAOs support are just beginning to get noticed.  The potential of DAOs is enormous. Newer frameworks for making investing 1000x cheaper and more accessible than ever before are making it possible to grow newer communities who are invested in changing the world. Most of the DAOs are focused on making financial inclusion and financial equality a possibility by way of open public networks to ensure prosperity for all.

DAOs should be connected to treasury and payment infrastructure.  Circle has been doing this with all interest in partnership with Syndicate DAO, thus making it possible for several DAOs to bloom.

Ian Lee, Co-Founder of Syndicate, expressed, “Syndicate will bring DAOs to market that radically transform the investing world,” Further stated, “To do so, Syndicate is excited to collaborate and integrate with other industry-leading open financial platforms like the Circle Account to enable DAOs to accept and make wire transfers, serve institutional investors, and so much more in the months and years ahead.”

The SPV (Special Purpose Vehicle) consisting of 20 investors had to participate in a $185 million Series A funding round.  The funding was made using wire transfers and USDC deposits.  The SPV used Syndicate’s infrastructure in combination with the Circle Account to help execute the investment.

The funds were collected conveniently, and the process was managed using the Circle Account. In addition, the Syndicate’s infrastructure recorded both on and off-chain transactions, thus helped to automate deposits and to manage the investor cap table, and make future distributions to investors.

This is just the beginning, and more DAOs will be able to use open financial infrastructure platforms to make cheap and easier investments. Thus making it possible for more communities to invest in the process of changing the world.