Staked Raises $4.5M

Staked, a leading non-custodial staking service provider, has announced it has secured $4.5 million in a new funding round.

This capital infusion marks a significant development for the company as it continues to expand its operations within the burgeoning proof-of-stake ecosystem.

The investment underscores confidence in Staked's established infrastructure and its role in facilitating secure and reliable staking rewards for digital asset holders.

Founded as a specialist in blockchain infrastructure, Staked offers staking services across more than 35 distinct proof-of-stake blockchains.

The company currently manages over $10 billion in delegated assets, serving a diverse client base that includes prominent institutional investors, cryptocurrency exchanges, and digital wallets.

Staked, which was acquired by Kraken in December 2021, has built a reputation for delivering optimal staking rewards through its robust and secure non-custodial platform.

The newly raised $4.

5 million will be strategically deployed to fuel Staked's ongoing growth initiatives.

The company plans to allocate the funds towards accelerating platform development, enhancing its existing suite of staking services, and strengthening its operational infrastructure to meet increasing demand.

This investment is poised to support Staked's efforts in expanding its technological capabilities and ensuring continued reliability for its global clientele.

This funding round is expected to bolster Staked's position as a key player in the decentralized finance landscape.

By leveraging this capital, Staked aims to further broaden its market reach and continue innovating its offerings, reinforcing its commitment to providing secure and efficient staking solutions as the digital asset economy evolves.

The company remains focused on supporting the integrity and growth of proof-of-stake networks.