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Kiln Raises $17M for Staking Technology

Jonathan Wong

Jonathan Wong

19 January 2024

Kiln, a staking technology provider, raises $17 million in a unique cryptocurrency funding round. The previous year wasn't the best for cryptocurrency businesses...

December 2023 saw the closing of a $17 million investment round for the French cryptocurrency firm Kiln, which is led by 1kx and includes participation from Crypto.com, IOSG, Wintermute Ventures, KXVC, and LBank...

Kiln may not be well known to you, even if you are familiar with the major players in the cryptocurrency market because Kiln has concentrated on developing infrastructure-focused white-label products...

Recall that the purpose of staking is to safeguard a blockchain and its transactions by locking crypto assets within it. Staking assets offers financial advantages as you gradually accrue profits. Users can stake cryptocurrency assets on a number of proof-of-stake blockchains, including Polygon, Solana, and Avalanche...