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Commonware secures $25M raise in round led by Stripe-backed Tempo: Fortune

Crypto Briefing
Crypto infrastructure startup Commonware raised $25 million in a funding round led by Tempo.

Summary

Commonware, a firm developing tools for decentralized finance applications, has secured $25 million in funding. The investment round was led by Tempo, a blockchain startup focused on stablecoin settlement infrastructure. This funding highlights the increasing interest in specialized blockchain infrastructure, particularly as established fintech companies like Stripe expand into crypto assets. Stripe, which has backed Tempo, is also actively pushing into on-chain payments through acquisitions like Bridge and Privy.

(Source:Crypto Briefing)