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Parfin Secures $10 Million to Fuel Global Expansion

Parfin, a leading digital asset and blockchain infrastructure startup, has raised $10 million in a series A round led by ParaFi Capital.

Founded in 2019, Parfin offers blockchain solutions that empower financial institutions to seamlessly integrate tokenized assets into their portfolios, opening up new revenue streams and staying ahead of the curve.

Parfin's Rayls platform is a cornerstone of their offerings. It provides a secure and scalable infrastructure for financial institutions to create private subnets, facilitating efficient transactions and ensuring data privacy. Rayls has already gained significant traction, with the Central Bank of Brazil using it to test Drex, a digital currency.

Meanwhile, the company is also actively exploring partnerships and collaborations with financial institutions in various regions, including the United States and Europe.

This funding will fuel the company's ambitious plans to expand its flagship product, Rayls, a blockchain platform designed for financial and capital market participants. Additionally, Parfin plans to invest in its team to strengthen its capabilities and drive innovation.