2 years ago

Parfin Secures Investment from Accenture Ventures to Drive Web3 Adoption in Latin America

  • Parfin, a UK and Brazil-based provider of Web3 infrastructure services for financial institutions in Latin America, has received an investment from Accenture Ventures

  • The amount of the investment was not disclosed

  • Parfin plans to use the funds to accelerate institutional Web3 adoption through solutions that simplify access to the ecosystem

  • The company is developing Parchain, a permissioned blockchain technology designed to enable regulated entities to participate in decentralized finance (DeFi) and asset tokenization.

      • ProblemFinancial Services

      "Financial institutions in Latin America are struggling to access the Web3 ecosystem due to a lack of compliant infrastructure and solutions."

      Solution

      "Parfin provides a Web3 infrastructure platform for custody, trading, tokenization, and digital asset management, specifically designed for regulated entities. This allows financial institutions to safely and easily participate in decentralized finance (DeFi) and asset tokenization."

      Covered on