Parfin, a digital assets infrastructure company, said it raised an initial $10 million in a Series A investment round that it expects to reach $16 million by the end of a second closing. The company will use the funds to expand its enterprise-grade blockchain, Rayls, hire more staff and fund its global expansion, with a focus on Asia, Latin America, and Europe. The round was led by ParaFi Capital and included crypto investment firm Framework Ventures, L4 Venture Builder, and Núclea as participants. The product is aimed at initiatives such as financial instrument tokenization projects, the development of CBDCs, and intra-institution transactions.
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