"With this new funding, we can help more banks and financial institutions realize new sources of revenue and stay relevant by leveraging the efficiency, security, and transparency of digital assets," CEO and co-founder Marcos Viriato said in a statement.
Parfin's flagship product, Rayls, is an Ethereum Virtual Machine (EVM) blockchain system that unifies permissioned and public blockchains, focused on enterprise-grade solutions, enabling initiatives like financial instrument tokenization.
Parfin has raised an initial $10 million in a Series A investment round that it expects to reach $16 million, emphasizing a strong focus on global expansion in targeted regions.
Rayls, launched in June 2024, is designed for various projects including the development of central bank digital currencies (CBDCs), financial instrument tokenization, and enhancing intra-institution transactions.
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