Staking Provider P2P.org Raises $23M From Big-Name Investors to Drive Institutional Offering

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Staking Provider P2P.org Raises $23M From Big-Name Investors to Drive Institutional Offering
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.P2Pvalidator has raised $23 million in funding from jump_, Bybit_Official and sygnumofficial. JamieCrawleyCD reports

Staking service provider P2P.org has raised $23 million in funding from a trio of crypto industry heavyweights: Web3 investor Jump Crypto, crypto exchange Bybit and digital asset bank Sygnum.

P2P is in the process of developing a new infrastructure platform catering to intermediaries, as opposed to its existing service that is focused on direct holders.of the Ethereum network, allowing users to withdraw assets they have"staked." Also referred to as Shapella, the Shanghai upgrade is expected to heighten institutional interest in Ethereum thanks to the increased liquidityP2P says it will use the funding to develop blockchain infrastructure that enhances the user experience in staking as well as researching and developing expansion initiatives.

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