Hi David
I was doing some basic due diligence into ParaFi Technologies LLC. Are you sue that is the correct company vehicle? I could not find any company registered in the USA or Europe with that company name.
Parafi Technologies appears to be an arm of Parafi Capital, a venture capital firm per a 2024 article that names Kevin Yedid-Botton as a partner - ParaFi Technologies aims to be a ‘public utility provider’ to blockchain ecosystems - Blockworks
There are many companies called Parafi Capital, all registered to the same Greenwich address with only an agent named.
For example:
- Parafi Capital Limited Partnership - Conneticut LP 1371922
- PARAFI CAPITAL LIMITED PARTNERSHIP - New York 6611360
- Parafi Capital LP - Lei - 2549005LEO7EQR4J8D56 (Delaware Corp 6727483)
Parafi Capital has raised funds from many VC firms including Dragonfly Capital Partners, Bain Capital Ventures, and 9Yards Capital.
On the Parafi Capital website Ben Forman, Kevin YB and Adrian Uberto are named as partners but it is unclear if they are the ultimate UBOs or just employees. - ParaFi | Blockchain and Digital Asset Investment Firm
The Parafi Tech website says that they are node provider equivalents on Solana, Ethereum, Aptos and Avalanche networks. There is no information on the team or financial backing behind this venture. https://parafi.tech/
Given that your company is an investor in Parafi, I do not think that the foundation should accept this sale as satisfying their independence requirements.
Also, I agree with @Phasma on this point. It does appear that you are using a technicality to maintain influence over multiple node providers.