Parfin Secures Investment from Tether on November 20, 2025

According to media reports, digital asset custody and management platform Parfin completed a new round of financing on November 20, 2025, with Tether as the investor. Following this round, Parfin's total funding has reached $33.6 million.Parfin is a modular platform specializing in secure digital asset custody, trading, and management, featuring robust and reliable infrastructure. The company is currently developing Parchain, a permissioned blockchain compatible with the Ethereum Virtual Machine, designed to enable regulated institutions to participate in decentralized finance (DeFi) and asset tokenization.This financing is significant for Parfin’s development. Through collaboration with Tether, Parfin will further enhance its capabilities in secure digital asset custody and accelerate the development of Parchain. As traditional financial institutions increasingly focus on DeFi and asset tokenization, Parfin’s modular platform and permissioned chain solutions are positioned to become key infrastructure connecting traditional finance with decentralized finance, providing regulated institutions with professional technical support to participate in the digital asset ecosystem.Previously, Parfin secured investment across several stages. In August 2024, the company completed a Series A financing round, raising $10 million. In January 2023, Parfin also received $15 million in Series A funding. This series of financings demonstrates continued investor confidence in Parfin’s technology and market outlook.