Key Takeaways
- Commonware, a crypto infrastructure startup, secured $25M in funding.
- The spherical was led by Tempo, which is backed by Stripe and focuses on stablecoin settlement.
Commonware, a crypto infrastructure agency constructing instruments for decentralized finance purposes, secured $25 million in a funding spherical led by Tempo, a blockchain startup targeted on growing stablecoin settlement infrastructure.
The funding displays rising curiosity in specialised blockchain infrastructure as established fintech corporations develop into crypto property. Stripe, a funds firm increasing into blockchain via backing rising crypto startups, has supported Tempo’s growth of stablecoin cost ecosystems.
Tempo lately spun out from incubation by Stripe and a crypto enterprise agency, and is actively supporting associated infrastructure initiatives to reinforce stablecoin settlement capabilities. The funding aligns with Tempo’s technique to combine with different crypto companies.
The funding builds on Stripe’s ongoing push into on-chain funds, following the corporate’s acquisitions of stablecoin and pockets suppliers like Bridge and Aware of strengthen its blockchain cost capabilities.
