Kiln raises another $17M for Ethereum staking

Kilna supplier French supplier of solutions from staking Ethereum for institutionalclosed a new fundraising from 17 million dollars from Crypto.com, 1kx and others.

Kiln today announced a new round of financing that will enable it to expand its institutional staking platform in the Asia-Pacific region and offer new products.

Led by crypto venture capital firm 1kx, the deal also attracted IOSG, Crypto.com, Wintermute Ventures, KXVC and LBank.

We have an exciting product range and plans for further expansion, including the establishment of an office in Singapore,” said Laszlo Szabo, the company’s CEO.

At the end of 2022, Kiln had completed a similar Series A financing round with Consensys, GSR and Kraken.

Read:  ETH staking rate could quickly reach 35%: report

Coinbase recently became a node operator on Kiln to offer partial ETH staking to its customers.

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