Tempo, a Stripe-backed fintech firm, made its first major venture move with a $25M investment in Commonware, an open-source blockchain infrastructure firm known for its modular “anti-framework” primitives. Tempo—built by Paradigm and Stripe as a stablecoin-powered chain—will integrate and co-develop the Commonware Library to accelerate faster, simpler, open payments infrastructure. The partnership builds on Tempo’s rapid expansion, including its recent Ithaca team acquisition and high-profile hires, while Commonware continues advancing lightweight blockchain architectures like its Alto chain.
Stripe Backed Tempo Announces Investment in Crypto Infrastructure Firm Commonware
