Stripe startup Tempo breaks the 5 billion mark – with its own blockchain

The blockchain company Tempo, backed by payment service provider Stripe, has raised $500 million in a Series A funding round. The round was led by crypto investor Paradigm, with participation from Thrive Capital, Greenoaks, and entrepreneur Joshua Kushner. According to Fortune, the company's valuation is now around $5 billion, making Tempo one of the most highly valued blockchain startups of the year.
Tempo is working on its own Layer 1 blockchain designed to enable fast and cost-effective transactions. The focus is on applications for stablecoin payments and cross-border financial settlements. The technology is particularly aimed at banks, payment service providers, and FinTech companies that want to integrate blockchain infrastructure into existing systems.
The network is currently still in a closed testing phase. A public launch is planned for a later date; a date has not yet been set.
Tempo was founded in early 2025 by former Stripe employees. Stripe supports the project strategically but is not operationally involved. Paradigm co-founder Matt Huang described the project to Fortune as “a pivotal technology for the next generation of digital financial systems.”

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