Digital asset firm Tether has invested in Parfin, according to a blog post.
Parfin is a Latin American digital asset trading platform that offers custody and tokenization. The company also provides infrastructure rails for institutional customers. Parfin was founded in 2019 by Marcos Viriato, Alex Buelau, and Cristian Bohn. The company has a mission to facilitate the adoption of blockchain technology, ensuring strict regulatory standards as well as scalability.
Tether is the largest stablecoin issuer in the world.
While details of the investment were not disclosed, Tether said the investment underlines its goal of backing firms that us USDT as a core settlement asset.
Paolo Ardoino, CEO of Tether, said that Parfin has shown a strong commitment to bridging the gap between traditional and digital finance.
“This investment also reflects our belief in Latin America as one of the global powerhouses for blockchain innovations.”
Viriato, Chief Executive Officer of Parfin, said the investment was validation for their business.