Tempo, a payments-focused blockchain project co-founded by fintech giant Stripe and venture capital firm Paradigm, has closed a $500 million Series A funding round led by Joshua Kushner’s Thrive Capital and Greenoaks, according to an exclusive report by Fortune. The financing points to mounting investor enthusiasm for blockchain-based payment infrastructure as stablecoins gain momentum across both Silicon Valley and Wall Street. The round—one of the largest early-stage raises in crypto this year—marks a significant milestone for Tempo, which aims to bridge traditional finance and blockchain networks for seamless global transactions.

Thrive Capital, founded by Kushner, joins Greenoaks in backing the project, which seeks to position itself as a next-generation financial rail with Stripe’s payment expertise and Paradigm’s crypto-native investment acumen. Fortune reports that the Series A follows earlier development efforts funded internally by Stripe and Paradigm, and the fresh capital will reportedly accelerate product deployment, regulatory outreach, and network scaling. Tempo’s fundraising arrives amid a renewed wave of institutional investment into blockchain and stablecoin infrastructure, as firms race to modernize cross-border settlement and payment efficiency.

What is Tempo?
Tempo is a blockchain payments project developed by Stripe and Paradigm.
How much funding did Tempo raise?
Tempo raised $500 million in a Series A round.
Who led the funding round?
Joshua Kushner’s Thrive Capital and Greenoaks led the round.
Where was this report published?
Fortune exclusively reported the details of the Series A round this week.

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