Digital Assets Infrastructure Provider Parfin Raises $10M in Series A Funding
Summary
None Digital Assets Head Weighs in on Spot Bitcoin ETF Race in the U.S. None Understanding the Success of Spot Bitcoin ETFs in Brazil None Understanding the Success of Spot Bitcoin ETFs in Brazil None Messari CEO Ryan Selkis on Future of Cryptos Role in Politics Parfin, a digital assets infrastructure company, said it raised an initial $10 million in a Series A investment round that it expects to reach $16 million by the end of a second closing.The company will use the funds to expand its enterprise-grade blockchain, Rayls, hire more staff and fund its global expansion, with a focus on Asia, Latin America, and Europe. With this new funding, we can help more banks and financial institutions realize new sources of revenue and stay relevant by leveraging the efficiency, security, and transparency of digital assets, CEO and co-founder Marcos Viriato said in a statement. , in January 2023, was for $15 million and led by Framework Ventures.Parfins clients include B3 Digitas, a digital asset services subsidiary of B3, the Brazilian stock exchange; and Banco BV, one of Brazils largest banks. The product is aimed at initiatives such as financial instrument tokenization projects, the development of central bank digital currencies (CBDCs), and intra-institution transactions. Parfin said Rayls is being used in the official pilot conducted by the Central Bank of Brazil to launch its CBDC.