Important points
- Crypto infrastructure startup Commonware has secured $25 million in funding.
- The round was led by Tempo, which focuses on stablecoin payments, with support from Stripe.
Commonware, a crypto infrastructure company that builds tools for decentralized financial applications, has secured $25 million in a funding round led by Tempo, a blockchain startup focused on developing stablecoin payments infrastructure.
The investment reflects growing interest in specialized blockchain infrastructure as established fintech companies expand into crypto assets. Stripe, a payments company moving into blockchain by supporting emerging cryptocurrency startups, has helped develop Tempo’s stablecoin payments ecosystem.
Tempo was recently spun out of incubation by Stripe and a crypto venture company and is actively supporting related infrastructure projects to enhance stablecoin payment capabilities. This funding is in line with Tempo’s strategy to integrate with other crypto companies.
This investment follows Stripe’s acquisition of stablecoin and wallet providers such as Bridge and Privy to enhance its blockchain payment capabilities and builds on Stripe’s continued commitment to on-chain payments.