Key Takeaways
- Commonware, a crypto infrastructure startup, secured $25M in funding.
- The round was led by Tempo, which is backed by Stripe and focuses on stablecoin settlement.
Commonware, a crypto infrastructure firm building tools for decentralized finance applications, secured $25 million in a funding round led by Tempo, a blockchain startup focused on developing stablecoin settlement infrastructure.
The investment reflects growing interest in specialized blockchain infrastructure as established fintech companies expand into crypto assets. Stripe, a payments company expanding into blockchain through backing emerging crypto startups, has supported Tempo’s development of stablecoin payment ecosystems.
Tempo recently spun out from incubation by Stripe and a crypto venture firm, and is actively supporting related infrastructure projects to enhance stablecoin settlement capabilities. The funding aligns with Tempo’s strategy to integrate with other crypto firms.
The investment builds on Stripe’s ongoing push into on-chain payments, following the company’s acquisitions of stablecoin and wallet providers like Bridge and Privy to strengthen its blockchain payment capabilities.
Source: https://cryptobriefing.com/commonware-25m-tempo-stripe-defi-funding/
