Kiln, a top-tier staking platform, has successfully secured $17 million in a recent funding round, highlighting its ambition for global expansion and technological advancements. Spearheaded by 1kx and supported by notable investors such as IOSG, Crypto.com, and Wintermute Ventures, this financial boost signifies a significant leap for Kiln’s future endeavors.
Kiln plans to utilize this significant investment to enhance its global reach, mainly focusing on the Asia-Pacific region. An essential move in this strategy is the establishment of its APAC Headquarters in Singapore, slated for the first quarter of 2024. This expansion is a strategic step towards cementing Kiln’s presence in the APAC region’s rapidly evolving digital assets market.
Revolutionizing Staking Technology
At its core, Kiln’s platform is revolutionizing the staking sector. With a white-label technology that connects stakers, node operators, and integrators, Kiln has shown impressive growth over the past year. It now boasts the title of the largest operator of Ethereum validator nodes, a testament to its effectiveness and reliability. The company’s stake under management has skyrocketed, increasing over fivefold in just a year, thanks to successful collaborations with various custodians, wallets, and exchanges.
Inclusivity and Accessibility: The Kiln Way
In its journey towards democratizing the digital assets ecosystem, Kiln has partnered with industry giants like Ledger Live, Crypto.com, and Coinbase. These collaborations are focused on offering pooled staking services, making staking accessible to every ETH holder, regardless of their amount. This initiative aligns perfectly with Kiln’s mission to offer inclusive and wide-reaching access to value creation within the digital assets space.