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Exclusive: Stablecoin company Plasma raises $24 million from Framework Ventures to launch its own blockchain
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On Thursday, the company announced it has raised $24 million in its first funding round. The investment was led by Framework Ventures with participation from crypto exchange Bitfinex, prominent venture capitalist Peter Thiel, and Tether CEO Paolo Ardoino.
Publish date
12:00am, Thursday, February 13, 2025
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Stablecoin company Plasma announced it has raised $24 million
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Claim
The funding round was led by venture firm Framework Ventures with participation from Bitfinex, Peter Thiel and Tether CEO Paolo Ardoino.
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Quote
Faecks said the money raised in this round will be used to launch the Plasma blockchain early in the second quarter of this year.
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