January 31, 2023

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Staking tech firm Kiln closes $17.8 million, eyes future ETH staking demand By Cointelegraph

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Staking tech firm Kiln closes $17.8 million, eyes future ETH staking demand

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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