Kiln raises $5m to scale its institutional crypto staking platform
The financing round was backed by investors including Shana Fisher, SV Angel, Blue Yard, Alven, and Kima Ventures.
≈ £4.0M at $1 = £0.8024 on 19 May 2022
Kiln provides an enterprise grade staking platform that allows financial institutions and fintechs to offer digital asset staking services to their clients.
Kiln has secured $5m in funding to expand its enterprise grade staking infrastructure for institutional clients and crypto firms. The capital will support team expansion, technology enhancement, and service development.
The financing round was backed by participants including Shana Fisher, SV Angel, Blue Yard, Alven, and Kima Ventures.
The platform currently manages $700m in assets under stake and supports multiple major blockchains including Ethereum, Solana, and Tezos.
Use of funds
- 01Grow the team
- 02Continue product development
