This article is adapted from CoinDesk Brazil, a partnership between CoinDesk and infomoney, one of the main financial news publications in Brazil. Follow CoinDesk Brazil on Twitter.

Parfin, a Latin American Web3 infrastructure provider, has raised $15 million in a seed investment round.

Funding was provided by crypto investment firm Framework Ventures, the company said in a statement, adding that L4 Venture Builder, a corporate venture capital fund backed by the Brazilian B3 stock exchange, also invested.

“Raising these funds in such a complex and challenging market increases our confidence in Parfin’s market strategy, technology and products,” said Marcos Viriato, CEO and co-founder of Parfin. “As the leading digital asset infrastructure solution in Latin America, we plan to use these funds to consolidate our leadership and accelerate our global expansion during this crucial construction period,” he added.

Parfin will use the funds to expand internationally, expand its product portfolio and launch new solutions.

This article was translated by Andrew Engler and edited by CoinDesk. The original Portuguese can be found here.