Pendulum

Pendulum

Secure, scalable DeFi blockchain platform

About Pendulum

Simplify's Rating
Why Pendulum is rated
C-
Rated C on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

Data & Analytics

Enterprise Software

Fintech

Crypto & Web3

Company Size

11-50

Company Stage

Grant

Total Funding

$26.8M

Headquarters

Berlin, Germany

Founded

2012

Overview

PendulumChain.org builds and maintains a Substrate-based blockchain platform for DeFi. It uses Rust to deliver a secure, high-performance, scalable infrastructure that developers, enthusiasts, and businesses can use to build dApps, digital wallets, and access blockchain data. The company earns revenue from blockchain development services, node deployment for testnets and mainnets, and consulting partnerships, with potential future transaction fees. Its focus on a secure Rust codebase and a customizable Substrate framework tailored to DeFi differentiates it from competitors, with the goal of advancing practical DeFi by providing reliable blockchain solutions.

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Simplify's Take

What believers are saying

  • Mainnet launch on February 27, 2023, connects fintechs to Polkadot.
  • Spacewalk pallets support fiat-optimized DeFi liquidity pools.
  • Stellar integrations via bridges boost cross-chain interoperability.

What critics are saying

  • Starbridge obsoletes Spacewalk, diverting liquidity to Ethereum.
  • Unfunded 25,000 DOT request cripples fiat onboarding.
  • Stricter AML/KYC halts tokenization by Q2 2027.

What makes Pendulum unique

  • Pendulum deploys Polkadot parachain bridging Forex to DeFi.
  • Spacewalk enables trustless Stellar-Polkadot fiat stablecoin transfers.
  • Substrate-based blockchain uses Rust for high-security forex-AMM.

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Funding

Total Funding

$26.8M

Below

Industry Average

Funded Over

4 Rounds

Grant funding comparison data is currently unavailable. We're working to provide this information soon!
Grant Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

401(k) Company Match

Flexible Work Hours

Equity

Commuter Benefits

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
FinSMEs
Feb 6th, 2025
Pendulum Secures $22M for AI Expansion

Pendulum, a Washington, DC-based company, raised $22M in total funding, comprising $11M in non-dilutive RD capital and $11M in venture capital from investors including Lowercarbon Capital and Cross Border Impact Ventures. The funds will be used to expand operations and development. The company also appointed Jean-François Gagné as Chief Strategy and Product Officer.

Securities.io
Feb 27th, 2023
Forex Launches On Blockchain As Pendulum Deploys Its Parachain

Berlin, Germany, 27th February, 2023, ChainwireForex-focused layer 1 blockchain Pendulum has announced the successful mainnet launch of its Polkadot parachain. As a result, the Pendulum chain is now connected to the Polkadot ecosystem, allowing businesses & fintechs to enter the world of decentralized finance. The move ushers in a new era for Forex, bringing a multi-trillion dollar market to DeFi.The deployment of Pendulum’s parachain on Polkadot mainnet marks the first phase of a three-part launch. Subsequent phases will comprise the Token Transferability Event, the Spacewalk Stellar-Polkadot Bridge launch, as well as the launch of forex-AMM 0xAmber, with the entire launch process expected to be completed by March.Alex Wilke, Co-Founder of Pendulum, said:“The launch of Pendulum’s mainnet represents a significant step towards our goal of revolutionizing the financial industry. By bridging the gap between traditional finance and DeFi, we are providing a platform that fosters financial inclusion and equality. We are excited to see how Pendulum will empower businesses and individuals to take control of their finances and achieve greater financial freedom.”Block production has been initiated by the Pendulum network and the first transaction has now been successfully executed on Pendulum’s chain

Crowdfund Insider
Feb 5th, 2023
Dr. Torsten Stuber: Cto At Pendulum Explains How Use Of Stablecoins Affects Developments Of Defi Apps

We recently caught up with Dr. Torsten Stüber, Co-Founder and CTO at Berlin-based Pendulum, an initiative focused on traditional finance infrastructure blockchain solutions, which is “the missing link between fiat and DeFi.”Pendulum is an open-source blockchain built on the “proven” Parity Substrate framework, establishing the missing link between fiat channels and the fast-evolving decentralized finance ecosystems through a sophisticated smart contract network.Dr. Torsten Stüber has shared insights on several crypto industry trends and innovations such as stablecoins, the importance of compliance, and tokenization.Our discussion with Dr. Torsten Stuber is shared below.Crowdfund Insider: Please tell us about the process of tokenization of fiat currencies on Pendulum and how it is compliant with local jurisdictions?Torsten Stuber: We work with local financial institutions or fintech companies that issue fiat tokens on Pendulum and that hold customer deposits 1:1 in reserve in insured accounts. These institutions are required to fully comply with their local jurisdiction and global standards, i.e, they are required to maintain a comprehensive AML policy and need to be able to perform KYC checks on new customers.Crowdfund Insider: Please explain how integrations with other blockchain ecosystems, such as Stellar, work on Pendulum?Torsten Stuber: We integrate other ecosystems via blockchain bridges. These bridges allow to seamlessly move tokens between different chains

HealthTech Arkansas
Feb 4th, 2022
macro-eyes partnered with IDA TRADING FOUNDATION PVT. LTD> on Jan 1st 18'.

2018 cohort company Macro-Eyes partnered with IDA Foundation to increase supply chain efficiency using data insights generated by the Macro-Eyes software.

Tech In Africa
Aug 5th, 2021
macro-eyes partnered with MoHS on Jan 1st 20'.

In 2020, Macro Eyes partnered with the MoHS and the Directorate of Science, Technology, and Innovation (DSTI) to create the pilot STRIATA-Infrastructure based on an intelligent health systems index that offers visibility in the health systems readiness process.

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