Parfin Raises $15M in Seed Funding

Parfin, a São Paulo, Brazil-based web3 infrastructure provider for secure digital asset custody, trading, tokenization and management, raised $15M in Seed funding.

The round was led by Framework Ventures, with participation from L4 Venture Builder, Valor Capital Group and Alexia Ventures. 

The company intends to use the funds to continue building out existing products, as well as launching new solutions, such as Parchain, a next-generation EVM permissioned blockchain network that will enable DeFi and asset tokenization for regulated entities with a focus on privacy, portability and interoperability.

Led by CEO Marcos Viriato, Parfin offers institutions web3 infrastructure solutions, which include Crypto as a Service (CaaS), an API-first solution that gives organizations the ability to quickly offer crypto to their end-users, as well as MPC (Multi-Party Computation) Custody, one of the most secure and advanced MPC custody solutions on the market. In addition, Parfin’s platform offers secure treasury management, multi-exchange trading across more than twenty major exchanges, OTC desks, and banks, as well as a comprehensive reporting suite that summarizes user activity and tax reports. With the Parchain permissioned blockchain solution, institutions can start their tokenization journey and enter the web3 ecosystem whilst remaining compliant with laws and regulations.

FinSMEs

17/01/2023