Tempo Blockchain Secures $500M Series A at $5B Valuation, Backed by Greenoaks and Thrive Capital

Tempo, a payments-optimized blockchain incubated by Stripe and Paradigm, has raised $500 million in a Series A funding round led by Greenoaks and Thrive Capital. The deal values the project at $5 billion, with participation from Sequoia Capital, Ribbit Capital, and SV Angel. Notably, Stripe and Paradigm did not contribute capital in this round.

The funding underscores surging venture interest in crypto infrastructure. Blockworks Research reports over $16 billion invested in crypto startups during Q3 2025 alone. Tempo distinguishes itself by focusing on compliance-friendly digital money movement rather than DeFi protocols, aligning with Stripe's vision of bridging traditional finance with crypto rails.

Strategic moves accompany the funding. ethereum core researcher Dankrad Feist announced his departure from the Ethereum Foundation to join Tempo, while Stripe's recent $1.1 billion acquisition of Bridge—now seeking a US trust bank charter—signals expanding crypto payment ambitions.