Kintsu, an innovative liquid staking protocol, is thrilled to announce the successful completion of its $4 million seed funding round. The round was led by Castle Island Ventures, with additional support from prominent investors including Brevan Howard Digital, CMT Digital, Spartan Group, Breed VC, Arche Capital, CMS Holdings, Animoca Ventures, F-Prime Capital (a venture capital fund affiliated with FMR LLC, the parent company of Fidelity Investments), Reciprocal Ventures, and LBank Labs. Notable angels such as Marin Tvrdić from Lido and Robinson Burkey from Wormhole also participated in this round, alongside Chris Hermida from Switchboard, Alex Matthews & Ross Trachtman from Brevan Howard Digital, Geoff Renaud from Renaud Partners, and Sean Lippel from Fintech Collective.
The category of “Liquid” Staking Protocols (“LST”) was heralded in largely by Ethereum. After the beacon chain first went live, genesis validators didn’t have the option to unstake for an unknown duration that amounted to over 1,000 days before the Merge was completed. Kintsu is indeed a “Liquid” Staking Protocol, but perhaps even more importantly, it is a “Composable” Staking Protocol.
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ContactJulia PortellyCW8 Communicationsjulia@cw8-communications.com
This article was originally published on Chainwire
Source: Cryptocurrency - investing.com
