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Framework Ventures Leads Parfin’s $15 Million Raise To Provide web3 Rails in LatAm

Web3 infrastructure provider Parfin has raised $15 million in a bid to dominate the Latin America region.

The seed round, which closed at the end of November, is led by Framework Ventures. It also includes backers such as Alexia Ventures, Valor Capital Group and L4 Venture Builder, which is the Brazilian stock exchange’s investment fund, according to a company release. L4's investment is still subject to approval. 

Founded in 2019, Parfin evolved from a company planning to develop a regulated stablecoin, into an infrastructure provider offering digital asset custody, trading, tokenization and management tools to some of Latin America’s largest financial institutions. 

(By Kari McMahon)

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