Tempo, созданный Stripe и Paradigm, оценен в $5 миллиардов после успешно проведенного раунда на $500 миллионов Translation: Tempo, developed by Stripe and Paradigm, valued at $5 billion following a successful $500 million fundraising round

The blockchain platform Tempo, developed by Stripe and Paradigm, has successfully raised $500 million in a Series A funding round led by Thrive Capital and Greenoaks. This information was reported by Fortune based on five independent sources.

Investors have valued the project, which focuses on stablecoins and Level 1 network payments, at around $5 billion.

Participating in the funding round were Sequoia Capital, Ribbit Capital, and SV Angel, while Stripe and Paradigm did not increase their investments in Tempo.

The blockchain is designed as an Ethereum-compatible protocol optimized for high-speed payments and transactions. According to a statement from Patrick Collison, co-founder and CEO of Stripe, the initial partners for the network included several prominent companies such as OpenAI, Shopify, Visa, Anthropic, Standard Chartered, and Deutsche Bank.

On October 17th, Georgios Konstantopoulos, the CTO of Paradigm, announced that the Ithaca team, which has been developing open-source crypto solutions for the company, will join the Tempo project. Konstantopoulos will lead the initiative while retaining his position at the firm.

The well-known Ethereum developer Dankrad Feist announced his transition to Tempo.

«Although payments were at the forefront during the early days of cryptocurrency, I see a unique opportunity to finally achieve this ambitious goal by tirelessly working on both the technical side and distribution,» the programmer stated.

Since 2018, Feist has collaborated with the Ethereum Foundation as an independent researcher and joined the core team a year later.

The developer will remain a scientific advisor to the foundation on three strategic initiatives: Layer 1 scaling and BLOB objects, as well as enhancing user experience.

Despite this, co-founder of Bankless David Hoffman described Feist’s departure as «an incredible loss for Ethereum.» He noted that the developer will undoubtedly remain «a very important asset» for the ecosystem, but Tempo will take precedence for him.

In his statement, Feist emphasized the strong connection between the two blockchains and expressed confidence that the integration of Tempo’s technologies could «push the boundaries of scale and speed» for the second-largest cryptocurrency network by market cap.

“Dankrad has been an outstanding researcher and made an immensely valuable contribution to the Ethereum we know and love today, including Danksharding, improving consensus, and much more. We wish him the best in his new endeavors,” stated Ethereum co-founder Vitalik Buterin.

Recall that in 2024, Stripe expanded into the cryptocurrency space by acquiring the Web3 company Bridge for $1.1 billion, and in June of this year acquired the wallet infrastructure developer Privy.