Tether Announces Investment in Parfin To Expand Institutional Digital Asset Infrastructure in Latin America

Tether has announced an investment in Parfin, a digital asset infrastructure company operating in Latin America. 

The companies state that the funding is intended to support the adoption of USD₮ in institutional settings and expand access to blockchain-based settlement tools in the region.

Parfin develops technology for custody, tokenization, trading, and digital asset management. 

With the new investment, the firm plans to continue building products aimed at financial institutions, including banks and fintech companies, that are evaluating blockchain-based systems for operational or settlement purposes.

According to Tether, the initiative is aimed at promoting the use of USD₮ in a range of institutional contexts, including cross-border payments, tokenized real-world assets, and credit-related markets such as trade finance and commercial receivables.

Parfin describes its platform as designed to meet regulatory and security requirements for institutions exploring blockchain technology. 

The company states that its infrastructure is built to support compliance, data protection, and scalability for larger financial entities.

Tether CEO Paolo Ardoino said the investment is intended to support efforts to connect traditional finance with blockchain systems, noting that Parfin has worked to bridge that gap. 

He added that Tether views Latin America as an important region for digital asset innovation, emphasizing the goal of expanding “access to financial freedom.”

Parfin CEO Marcos Viriato said the investment aligns with the company’s efforts to develop institutional blockchain infrastructure. 

He noted that Parfin aims to bring financial systems on-chain in a “secure, private, and compliant” manner and said Tether’s backing supports that work.

Data from the Chainalysis 2025 Geography of Cryptocurrency Report estimates that Latin America recorded nearly $1.5 trillion in Bitcoin and crypto transaction volume over the past year. 

The report attributes a significant share of the activity to institutional use, alongside various regulatory changes across the region.