Share this article
Ethereum Staking Platform Kiln Raises $17M for Global Expansion
The crypto firm plans to grow its business in Asia-Pacific with the opening of a new regional headquarters in Singapore.
Updated Mar 8, 2024, 8:09 p.m. Published Jan 18, 2024, 12:00 p.m.
Ethereum staking platform Kiln has closed a $17 million funding round, the company said in a press release on Thursday.
The round was led by 1kx, with participation from IOSG, Crypto.com, Wintermute Ventures, KXVC and LBank. It also included additional contributions from existing investors, the Paris-based firm said. The new round was an extension of Kiln’s $17.6 million Series A announced in November 2022.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Read more: Ethereum Staking-as-a-Service Startup Kiln Raises $17.6M
Kiln said the money raised will be used to fund the company’s global expansion, which includes the opening of its Asia-Pacific headquarters in Singapore in the first quarter, as well as further product development.
“Our mission is to democratize value creation in the digital assets ecosystem, providing millions of users with easy access to rewards through our platform,” said Laszlo Szabo, CEO and co-founder of Kiln.
Kiln has raised a total of $35 million from investors since its launch, with investment from the likes of Illuminate Financial, Kraken Ventures, Avon Ventures, Consensys and GSR.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Michael Saylor's Strategy Hangs on to Spot in Nasdaq 100 Index
The annual Nasdaq 100 rebalance saw six companies dropped and three new additions, with changes taking effect on December 22, but bitcoin treasury company Strategy hung onto its spot.
What to know:
- Strategy (MSTR) will remain in the Nasdaq 100 index despite a major reshuffle, which saw several household names dropped.
- The firm's business model, which involves stockpiling bitcoin, has drawn criticism from analysts and index providers, with MSCI considering excluding crypto treasury companies from its benchmarks.
- The Nasdaq 100 rebalance saw six companies dropped and three new additions, with changes taking effect on December 22, but Strategy's bitcoin-heavy strategy secured its spot.
Top Stories
