Blockchain Funding and Expansion Highlights:
Parfin, a blockchain startup, has successfully secured $10 million in its Series A round, with plans to drive global expansion and connect traditional finance with blockchain technology. The round, led by ParaFi Capital and supported by Framework Ventures, L4 Venture Builder, and Núclea, is expected to reach $16 million overall. The funding will be used to enhance Parfin’s enterprise-grade blockchain platform, Rayls, expand its workforce, and accelerate global growth through 2024.
Bridging DeFi and TradFi in Latin America:
Established in 2019, Parfin aims to bridge decentralized finance (DeFi) and traditional finance systems by providing financial institutions with regulatory compliance and privacy features while leveraging blockchain technology. The company, co-founded by Marcos Viriato, Alex Buelau, and Cristian Bohn, has been selected for Mastercard’s Start Path program and has raised a total of $38 million. Notable clients include Banco BV, Núclea, and B3 Digitas, the digital asset services subsidiary of the Brazilian Stock Exchange.
Partnering with Brazil’s Central Bank for CBDC Initiatives:
Parfin’s Rayls platform is currently part of a pilot program with Brazil’s central bank, exploring Ethereum’s virtual machine privacy and scalability solutions for central bank digital currency (CBDC) initiatives. This collaboration highlights the company’s commitment to advancing digital asset technologies and fostering innovation in the financial industry.
