Stripe-backed Tempo makes first venture bet with $25 million investment in open-source dev team Commonware

Tempo, the stablecoin-focused blockchain co-developed by Paradigm and Stripe, has made its inaugural venture investment, committing $25 million to the open-source development team Commonware. As part of this strategic deal, Tempo will adopt the Commonware Library and become a core contributor to its development. Commonware offers a modular, open-source library of blockchain primitives, positioned as an "anti-framework" that provides building blocks for customizable networks, contrasting with more opinionated kits like Cosmos SDK or OP Stack. This collaboration follows Tempo's recent $500 million Series A funding and the acquisition of Ithaca's development team, signaling a focus on speed, simplicity, and open infrastructure for its platform.

(Source：The Block)