Staking tech firm Kiln closes $17.8 million, eyes future ETH staking demand
Cointelegraph
Published Nov 28, 2022 03:15PM ET
Updated Nov 28, 2022 05:00PM ET
Staking technology provider Kiln has closed out a $17.8 million fundraising round featuring the likes of Consensys and Kraken Ventures. The company is eyeing ‘exponential’ growth in demand for ETH staking services from institutional clients in the future.
Kiln is a software-as-a-service provider focused on enterprise-grade staking solutions across 16 different proof-of-stake blockchain protocols. Its infrastructure enables users to stake on-chain while maintaining asset custody on separate solutions as well as cloud platforms and validator clients.
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Written By: Cointelegraph
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