Stripe-Backed Tempo Secures $500M to Expand Blockchain Payment Infrastructure
Tempo, a blockchain startup supported by payments giant Stripe, has closed a $500 million funding round co-led by Thrive Capital and Greenoaks. The capital injection will accelerate development of its LAYER 1 blockchain specifically engineered for global payment solutions.
The platform distinguishes itself with high-throughput architecture capable of processing transactions at speeds necessary for real-time settlements. Its native support for stablecoins and proprietary tools like Bridge and Privy position Tempo as a potential game-changer in payment infrastructure.
This investment underscores Stripe's strategic push into blockchain technology, particularly in payment connectivity solutions. Tempo's planned integration with protocols like Agora suggests an ambitious roadmap to establish interoperability across multiple blockchain networks.
