BlockchainFintech

Stripe-Backed Blockchain Startup Tempo Secures $500M Series A at $5B Valuation

The blockchain startup Tempo, founded by Stripe and Paradigm, has reportedly raised $500 million in a Series A funding round. The investment values the young company at approximately $5 billion, making it one of the most significant blockchain venture rounds recently.

Major Funding for Emerging Blockchain

The blockchain startup Tempo, which recently emerged from incubation, has reportedly raised $500 million in a Series A funding round, according to sources familiar with the matter. The investment values the young company at approximately $5 billion, positioning it among the highest-valued blockchain ventures in recent memory. The round was reportedly led by venture capital giants Thrive Capital and Greenoaks, with participation from other prominent firms.

EconomyPolicy

EU Regional Development Funds Face Scrutiny as Budget Overhaul Sparks Debate

New economic research suggests the EU’s €392 billion cohesion policy generates minimal GDP returns, fueling controversy as Brussels proposes merging regional and agricultural funds. The planned budget overhaul would halve dedicated regional spending, drawing warnings from dependent regions about reversing decades of progress.

Economic Impact Under Scrutiny

The European Union’s flagship cohesion policy, designed to reduce regional inequalities, delivers limited economic returns according to new research emerging as Brussels prepares its most significant budget restructuring in over three decades. Analysis by Zareh Astryan, economics professor at Münster University, indicates that each euro spent through the €392 billion program generates only approximately €1 in additional GDP growth, the report states.