P2P.org staking infrastructure raises $23 million

Jump Crypto, Bybit and Sygnum have invested in the specialist of institutional staking P2P Validator. The startup’s services support a fifty from blockchainsincluding Ethereum and Cardano.

Founded in 2018 in the Cayman Islands, P2P Validator (P2P.org) is a provider of staking services for professionals.

On Thursday, the company announced to have completed a Series A of 23 million dollars. Among the investors are the exchange Bybit, the Swiss crypto bank Sygnum and the digital assets arm of the American Jump trading.

🎉Exciting news! https://t.co/NheSwP7QCK has successfully raised US$23M in a Series A Funding Round. This funding will support services for direct holders and also launch a new infrastructure platform for intermediaries (custody, wallets and exchanges) https://t.co/FEJzM5k5hQ pic.twitter.com/Fmpgmfe0cg

– P2P Validator (@P2Pvalidator) April 20, 2023

The infrastructure of staking designed by P2P Validator is compatible with 42 blockchains, including Ethereum, Solana, Polkadot and Cardano. It has now staked over $1 billion in assets, according to the announcement.

The funds from this round of funding will be put to good use by the startup to improve its services, including the support for new networks.

The fundraising comes a few days after the activation of the Shanghai update allowing to withdraw stashed ethers. Like Metamask, which recently unveiled a similar service, P2P Validator believes that the update will increase the institutional demand for Ethereum staking.

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