Striped-owned blockchain Tempo has now reportedly completed a Series A funding round, securing a total investment of $500 million. The funding round was led by prominent venture capitalist firms Greenoaks and Joshua Kushner’s Thrive Capital, representing the growing footprint of cryptocurrency in mainstream finance and global capital markets.

Tempo’s Valuation Climbs To $5B After Funding Round

In a new post on Friday, Fortune reports that Stripe’s Tempo has recorded a successful Series A funding, pushing the blockchain’s valuation to $5 billion. In early September, Stripe announced Tempo in partnership with crypto VC Paradigm as a layer-1 blockchain designed to enable stablecoin payment and boost payment efficiency.

In Paradigm’s announcement statement , the firm’s co-founder and

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