parfin

Tether announced an investment in Parfin, with the specific amount not disclosed. Parfin is a digital asset custody, tokenization, trading, and management platform in Latin America, aimed at accelerating the adoption of USDT in institutional use cases and improving access to efficient blockchain-based settlement in the region.

ChainCatcher news, according to The Block, Layer 2 development company Parfin has completed a $10 million Series A funding round, led by ParaFi Capital, with participation from Framework Ventures, L4 Venture Builder, and Núclea.It is reported that the company will continue with a second Series A funding round, expecting to raise a total of $16 million. The new funds will be used to develop its Rayls network and expand its global operations.

ChainCatcher news, according to Bitcoin.com, the financial company Parfin, focused on crypto and blockchain, announced the creation of a new platform called Rayls, aimed at enhancing the privacy of Brazil's central bank digital currency (CBDC) drex. The solution is capable of operating in a permissioned manner, where each account interacting with the system is required to go through a KYC process.It is reported that this platform also includes the Rayls public chain, which can interact with Ethereum L2 and other open cryptocurrency projects. Parfin pointed out that this duality may alleviate the integration of regulated entities such as banks and other institutions from the traditional financial world with the DeFi space.

ChainCatcher news, Accenture announced a strategic investment in the Web3 infrastructure provider Parfin through Accenture Ventures, with specific investment terms not yet disclosed.It is reported that Parfin, founded in 2019, is an infrastructure provider offering digital asset custody, trading, tokenization, and management tools for financial institutions in Latin America. They are currently developing a permissioned blockchain technology called Parchain, aimed at enabling regulated entities to participate in DeFi and asset tokenization.According to the crypto data platform RootData, Parfin announced the completion of a $15 million seed round financing in January this year, led by Framework Ventures, with participation from Alexia Ventures, Valor Capital Group, and the investment fund L4 Venture Builder from the Brazilian Stock Exchange. (Source link)

ChainCatcher news, Web3 infrastructure provider Parfin has completed a $15 million seed round financing, led by Framework Ventures, with participation from Alexia Ventures, Valor Capital Group, and the investment fund L4 Venture Builder from the Brazilian stock exchange platform.It is reported that Parfin is currently developing Parchain, a permissioned EVM-compatible blockchain that will enable regulated entities to participate in DeFi and asset tokenization. Parfin was founded in 2019, starting as a company planning to develop regulated stablecoins, and has now evolved into an infrastructure provider offering digital asset custody, trading, tokenization, and management tools for financial institutions in Latin America. (source link)