Tag: Parfin

Tether Invests in Parfin to Boost USDT Adoption in Latin America

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Tether has invested in Parfin, a London- and Rio de Janeiro-based digital asset platform, to push USDT deeper into Latin America’s institutional market and expand onchain settlement across the region. According to Tether, the investment underscores its push to position USDt (USDT) as an institutional settlement rail for high-value activities, including cross-border payments, real-world asset (RWA) tokenization, and credit markets tied to trade finance, commercial invoices and card receivables. Founded in 2019, Parfin builds infrastructure for institutions to custody, tokenize and transact digital assets. In October, the company secured official…

Latin American Web3 Infrastructure Provider Parfin Raises $15M

“Raising these funds in such a complex and challenging market deepens 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 on using these funds to both solidify our lead and accelerate our global expansion during this crucial building period,” he added. Source