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Tag: Parfin

Parfin Secures $10M Boost for Cutting-Edge Digital Assets Platform

Parfin Secures $10M Boost for Cutting-Edge Digital Assets Platform

In the rapidly evolving world of digital asset management and blockchain technology, the launch of Rayls in June 2024 marked a significant milestone This innovative EVM blockchain system has made strides by integrating both permissioned and public blockchains, offering a platform that caters specifically to enterprise-level needs Particularly, its focus areas include the tokenization of financial instruments, the creation and management of central bank digital currencies (CBDCs), and streamlining transactions within and across institutions This article delves into how Rayls is setting the stage for the future of blockchain applications in business, emphasizing its potential to revolutionize financial infrastructures and enhance digital asset management The Intersection of Permissioned and Public Blockchains One of the most notable features of Rayls is its dual approach to blockchain technology...

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Parfin Raises $10M to Craft Ethereum's Next Secure Layer-2 Network

Parfin Raises $10M to Craft Ethereum's Next Secure Layer-2 Network

In the dynamic world of blockchain technology, Parfin, a developer immersed in the permissioned Ethereum Layer 2 (L2) sector, has recently announced a significant stride forward in its funding endeavors The enterprise is poised to harness an additional $16 million from the latter portion of its Series A funding round With the ambitious goal of revolutionizing the intersection of traditional finance (TradFi) and decentralized finance (DeFi), Parfin's latest financial injection brings its total capital raised to an impressive $38 million This development is pivotal in the context of Parfin's strategic plan to escalate the advancement of its Rayls Network, a bespoke blockchain solution designed to marry the reliability and compliance of TradFi with the innovation and accessibility of DeFi The Strategic Significance of the Series A Funding Round Parfin's financial journey through its Series A funding round appears to be a meticulously strategized endeavor aimed at emboldening its infrastructure...

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