Key Takeaways
- Commonware, a crypto infrastructure startup, has secured $25 million in funding.
- The round was led by Tempo, which is backed by Stripe and focuses on stablecoin settlement.
Commonware, a crypto infrastructure company building tools for decentralized finance applications, has secured $25 million in a funding round led by Tempo, a blockchain startup focused on developing a stablecoin settlement infrastructure.
The investment reflects growing interest in specialized blockchain infrastructure as established fintech companies expand into crypto assets. Stripe, a payments company expanding into blockchain by backing emerging crypto startups, has supported Tempo’s development of stablecoin payment ecosystems.
Tempo recently emerged from incubation by Stripe and a crypto venture, and is actively supporting related infrastructure projects to improve stablecoin settlement capabilities. The financing is in line with Tempo’s strategy to integrate with other crypto companies.
The investment builds on Stripe’s continued push into on-chain payments, following the company’s acquisition of stablecoin and wallet providers such as Bridge and Privy to strengthen its blockchain payments capabilities.
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