Stripe-backed Tempo blockchain raises $500M at $5B
Stripe-backed Tempo blockchain secured $500 million in a Series A funding round led by Greenoaks and Thrive Capital at a $5 billion valuation. Tempo blockchain, an Ethereum-compatible layer 1 blockchain optimized for high-throughput payments and settlement, integrates with traditional fintech rails rather than focusing on DeFi protocols. Since its September 2025 launch, Tempo blockchain has formed enterprise partnerships with OpenAI, Shopify, Visa, Anthropic and Deutsche Bank. The project’s roadmap accelerated this year with the hiring of Ethereum Foundation researcher Dankrad Feist as senior engineer and Stripe’s acquisitions of stablecoin provider Bridge and wallet startup Privy. The new capital will drive Tempo blockchain’s development of compliant, scalable digital money infrastructure for businesses and financial institutions.
Neutral
While the $500 million Series A and high-profile partnerships signal strong institutional support for Tempo blockchain’s payment infrastructure, there is no active native token yet. The funding boosts long-term growth prospects, but with no immediate token issuance or market tradable asset, its short-term price impact remains neutral.