Institutional Ether Staking Startup Kiln Raises $17.6M from ConsenSys and Kraken
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Nov. 28, 2022

Institutional ether (ETH) staking startup Kiln has raised $17.6 million financing round from a group of investors, including ConsenSys and Kraken Ventures.

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The firm said in a blog post, that other investors such as GSR, Leadblock Partners, Sparkle Ventures among others have also participated in the funding. With the funding, Kiln wants to expand its features and product range, in addition to a single SDK and dedicated smart contracts for ETH staking.

"At Kiln our mission is to make staking seamless and secure from our dashboard, a hardware wallet, a browser wallet, a B2B custodian, a crypto exchange or an investment app," the company said.

The UK Could Introduce Taxes on Crypto Lending and Staking in the DeFi Sector

Earlier in August, cryptocurrency mining pool Ethermine also started offering staking services through its new platform called ETH.STORE. With the new services, small investors can now stake their ETH with the minimum deposit of 0.1 ETH.

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