Tempo Valued at $5 Billion Following $500 Million Funding Round

Tempo, developed by Stripe and Paradigm, valued at $5 billion after $500M funding.

The blockchain platform Tempo, developed by Stripe and Paradigm, has secured $500 million in a Series A funding round led by Thrive Capital and Greenoaks. This was reported by Fortune, citing five sources.

Investors have valued the project, which focuses on stablecoins and first-layer payment networks, at approximately $5 billion.

Participants in the round included Sequoia Capital, Ribbit Capital, and SV Angel, while Stripe and Paradigm did not increase their investments in Tempo.

The blockchain is designed as an Ethereum-compatible protocol optimized for high-speed payments and settlements. According to a statement by Stripe co-founder and CEO Patrick Collison dedicated to the network’s development, its initial partners included several well-known companies, such as OpenAI, Shopify, Visa, Anthropic, Standard Chartered, and Deutsche Bank.

On October 17, Paradigm’s CTO Georgios Konstantopoulos announced that the Ithaca team, responsible for creating open-source crypto solutions at the company, is joining the development of Tempo. The specialist will lead the project while maintaining his position at the firm.

Tempo Secures Top Ethereum Developer

Renowned Ethereum developer Dankrad Feist announced his move to Tempo.

I am excited to announce that I will be joining Tempo. This last year has been a turning point for crypto, where we have finally seen the outlines of our vision being materialized. While payments used to be front and center in the early days of crypto, I see a special opportunity…

— Dankrad Feist (@dankrad) October 17, 2025

“While payments were at the forefront in the early days of crypto, I see a unique opportunity to finally achieve this ambitious goal by tirelessly working on both the technical side and distribution,” the programmer wrote.

Since 2018, Feist has collaborated with the Ethereum Foundation as an independent researcher and joined the organization’s core team a year later.

The programmer will remain a scientific advisor to the foundation on three strategic initiatives: first-layer scaling, BLOB objects, and user interface improvements.

Despite this, Bankless co-founder David Hoffman described Feist’s departure as an “incredible loss for Ethereum.” He noted that the developer will undoubtedly remain a “very important asset” for the ecosystem, but Tempo will be his priority.

Feist emphasized the close connection between the two blockchains in a statement and expressed confidence that the integration of Tempo’s technologies could “push the boundaries of scale and speed” for the second-largest cryptocurrency network by market capitalization.

Dankrad has been an excellent researcher and has made immensely valuable contributions to the Ethereum that we know and love today, including Danksharding, consensus research and much more. Wishing him luck in his new efforts. https://t.co/dlSwu3fpen

— vitalik.eth (@VitalikButerin) October 17, 2025

“Dankrad has been an outstanding researcher and has made incredibly valuable contributions to the Ethereum we know and love today, including Danksharding, consensus improvements, and much more. We wish him luck in his new endeavors,” wrote Ethereum co-founder Vitalik Buterin.

Back in 2024, Stripe expanded into the cryptocurrency sector by acquiring the Web3 company Bridge for $1.1 billion, and in June of this year, it acquired wallet infrastructure developer Privy.