Funding

[Funding alert] Paris-based Kiln Secures $17m in Funding

Jan 19, 2024 | By Startup Rise EU

Paris-based Kiln Secures $17m in Funding. This round was led by 1kx, with contributions from IOSG, Crypto.com, Wintermute Ventures, KXVC, LBank, and our existing investors. Alongside last year's round, we've now raised a total of $35 million.

Paris-based Kiln Secures $17m in Funding. This round was led by 1kx, with contributions from IOSG, Crypto.com, Wintermute Ventures, KXVC, LBank, and their existing investors. Alongside last year's round, they have now raised a total of $35 million.

This round of funding fuels their global expansion and new products. Today they are also excited to announce the opening of their first office outside Europe, in Singapore. They are looking forward to serving new and existing customers in the region more effectively, with a team of veteran Kilners in addition to new local talent.

Read also -  WA-based Fullcast Secures $34M in Seed Funding

Additionally, the funding will fuel their product expansion into two major areas. They are introducing vNFTs enabling tokenisation of dedicated Ethereum validators, which has garnered increasing interest with the preparation and launch of ETFs.

They are also developing a product in the DeFi space enabling their integrator customers (wallets, exchanges, custodians) to monetise stablecoin rewards opportunities.

Read also - MO-based Clever Real Estate Acquired Gravy Technologies

I would like to use this opportunity to express my sincere gratitude to their new and existing investors, their valued customers and the entire Kiln team for their trust.

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While their platform currently enables thousands of users to access rewards, their commitment extends to democratizing value creation for millions of individuals, regardless of where their digital assets are held.

Read also -  California-based Mercor Secures $3.6M in Funding

About Kiln

Kiln is the top enterprise-level staking platform that lets institutional clients whitelabel staking features into their products and stake assets. Kiln manages approximately $2 billion in stakes and operates over 3% of the Ethereum network on a multi-cloud, multi-region infrastructure. It maintains validators on all major PoS blockchains.

Read also - London-based Recraft Raises €11 Million in Series A Round Funding

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