ParaFi Capital Fuels Parfin's Growth with $10 Million Series A Funding
ParaFi Capital's Investment in Parfin
ParaFi Capital has taken a decisive step by leading a $10 million Series A funding into Parfin, a developer working on a permissioned Ethereum Layer 2 solution. This investment underlines the increasing reliance on blockchain technology among enterprises.
The Rayls Network
- The Rayls network focuses on use cases like tokenization and central bank digital currencies (CBDCs).
- Designed for intra-institution transactions, this network caters to the needs of large financial institutions.
This funding round highlights an essential trend towards enterprise applications of blockchain, as institutions seek innovative solutions to improve operational efficiency. With this investment, Parfin is set to enhance its capabilities in a rapidly evolving financial landscape.
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