ParfinLatin America’s leading web3 infrastructure provider for safe custody, trading, tokenization and management of digital assets, as well as a permissioned blockchain solution for regulated entities, has raised $15 million in a ‘a seed investment round led by Framework companies, a San Francisco-based venture capital firm widely known for its early entry into decentralized finance (DeFi). Other participants in the round include the Brazilian Stock Exchange (B3) through its investment fund L4 Business Buildersubject to regulatory approval, as well as Valor Capital Group and Alexia Ventures.
Founded in 2019, Parfin aims to create secure, robust and compliant web3 solutions for institutions looking to explore the digital asset industry. Funds from this increase will be used to continue to develop existing products, as well as launch new solutions, such as Parchain, a next-generation EVM-authorized blockchain network that will enable DeFi and tokenization of assets for regulated entities. with an emphasis on privacy, portability and interoperability.
“Raising these funds in such a complex and challenging market reinforces our confidence in Parfin’s market strategy, technology and products,” said Marcos Viriato, CEO and co-founder of Parfin. “As the leading digital asset infrastructure solution in Latin America, we plan to use these funds to both solidify our lead and accelerate our global expansion during this crucial construction period.”
Parfin offers institutions web3 infrastructure solutions, which include Crypto as a Service (CaaS), an API-first solution that gives organizations the ability to rapidly deliver 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. Additionally, Parfin’s platform offers secure cash management, multi-exchange trading on over twenty major exchanges, OTC bureaus and banks, and a comprehensive reporting suite that summarizes user activity. and tax reports. With the Parchain permissioned blockchain solution, institutions can begin their tokenization journey and enter the web3 ecosystem while remaining compliant with laws and regulations.
“Despite the massive growth of DeFi and the broader crypto industry, large institutions have yet to fully embrace and integrate web3 due to a number of valid concerns about regulatory requirements and technical security risks. “said Brandon Potts, principal at Framework Ventures. “As authorized DeFi grows and institutions seek access to secure and compliant infrastructure solutions, we believe that Parfin’s highly experienced team and impressive technology stack puts them in pole position to integrate the first wave. of regulated entities in the web3.”
“Parfin is a great partner, with a strong team and technology stack,” says Pedro Meduna, co-founder of L4 Venture Builder, an independent investment fund backed by B3. “With this new capital, we believe that Parfin will be able to accelerate the execution of its roadmap to deliver institutional-level digital asset infrastructure by combining market experience and technological innovation.” concludes Meduna. L4VB’s investment will only be closed once the recent fund has been approved by local Brazilian regulators.
Parfin is the leading web3 infrastructure provider in Latin America. Parfin Platform offers institutions an end-to-end solution for the custody, trading, tokenization and management of digital assets. Parfin serves many of the largest institutions in Latin America, ranging from banks to crypto native businesses.
Parfin accelerates institutional adoption of web3 by creating solutions that simplify access to the ecosystem while maintaining the highest standards of security, robustness and compliance expected by institutions.
To learn more, please visit: www.parfin.io
About Framework Ventures
Framework is a team of technologists, researchers, and investors who buy assets, build for, and participate in open crypto networks. At its core, Framework is a technology company that creates products and services to support the open blockchain networks in which it invests. Through its registered investment adviser, Framework Ventures Management LLC (“Framework Ventures”), the firm has backed dozens of notable companies. in decentralized finance and the Web3 space.
To learn more, visit https://framework.ventures.
The information in this document is accurate as of the date of publication and is subject to change. It is not investment advice, and readers should not construe discussion of any particular organization as a recommendation to buy or sell, or a solicitation of an offer to buy or sell, securities or digital assets related to that organization.
About L4 Venture Builder
L4 Venture Builder is an independent investment fund that selects projects in which B3 (the Brazilian stock exchange) will have an equity stake in sectors with high growth potential. L4 Venture Builder operates as an independent structure, with a flexible format to develop its activities, and can even operate in areas where B3 is already working. The creation of L4 Venture Builder continues B3’s strategy of innovation in its core business and growth on other fronts.
To find out more visit https://fr.l4vb.com