Stripe-Backed Tempo Leads $25M Funding Round for Crypto Infrastructure Firm Commonware
Tempo, a blockchain startup backed by payments giant Stripe, has made its first major investment by leading a $25 million strategic funding round for Commonware. The crypto infrastructure provider aims to accelerate development of high-performance payment solutions through this partnership.
The investment allows Tempo to focus on Core payment services rather than rebuilding foundational blockchain components. Commonware's technology promises to deliver transaction finality in under 250 milliseconds across global, permissionless systems - a breakthrough for distributed payment networks.
Georgios Konstantopoulos of Paradigm noted the deal will accelerate development of the Commonware Library. The collaboration represents growing institutional interest in scaling blockchain infrastructure for mainstream financial applications.
