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Tempo Raises $500M For Its L1 Blockchain
Tempo Raises $500M For Its Blockchain Development. Photo By Shen Pan On Unsplash.
Tempo has successfully raised $500M in a series A round at a $5B valuation.
The new L1 blockchain dedicated to making payments move faster and merging the bridge between crypto-friendly users and TradFi players has revealed a substantial amount of capital raised, led by Greenoaks and Thrive Capital, as well as participation from Ribbit Capital, Sequoia Capital and SV Angel. This makes it one of the largest raises for a crypto project and comes from an active 2025 crypto VC scene.
However, there is also brewing concern among the industry regarding the true nature of Tempo's permissionless and decentralised mission, with its close affiliation with Stripe and Paradigm, as well as more recent news of seasoned talent being recruited from other prominent ecosystems to focus on Tempo's development. Dankrad Feist from the Ethereum Foundation announced his new role on X:
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