Staking startup Kiln_finance closed a $17.6 million round to expand its product offerings. egreechee reports
"Staking is going to be one of the core fabrics of the entire crypto industry," said Ciaran O'Leary, co-founder and general partner of BlueYard Capital, which invested in Kiln for the second time.
Staking-as-a-service products make it easy for custodians, exchanges, wallets and treasury managers to commit their digital assets to the blockchain. Kiln had $500 million of staked assets under management as of Nov. 23. LeadblockPartners, Sparkle Ventures and XBTO also participated in the round, along with existing investors 3KVC, SV Angel and Alven.
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