Jupiter has secured a $35 million strategic investment into its $JUP token from ParaFi Capital, revealed during its CatLumpurr community conference in Kuala Lumpur.
The investment was completed at market price and settled entirely in JupUSD, Jupiter’s native stablecoin, with ParaFi agreeing to an extended token lock-up that signals a long-term commitment.
Crypto lawyer and Jupiter team member Wassielawyer described the deal as unprecedented, while Jupiter said the round was strategic without disclosing further terms.
Jupiter also announced that Polymarket will integrate directly into the Jupiter app on Solana, allowing users to trade prediction market contracts onchain without leaving the platform.
The company unveiled Jupiter Global, a new payments and financial services suite offering QR-based payments, peer-to-peer transfers, virtual fiat accounts and a crypto card for real-world spending.
Additional infrastructure updates included the launch of a Solana Ecosystem Explorer, a permissionless peer-to-peer credit layer called Jupiter Offerbook, and a preview of the Giant Unified Market.
The announcements were partly overshadowed by community criticism over Active Staking Rewards claims, after users raised security concerns about a process requiring seed phrase imports, which Jupiter said it plans to revise.
At the time of reporting, Jupiter price was $0.1884.