StakeWith.Us, a staking service for blockchain projects, has reportedly received $600,000 in it seed round.
The capital injection was led by SGInnovate, a government-owned investment firm, and LuneX Ventures, a blockchain-focused fund from Golden Gate Ventures, according to a report from e27.
Following the round close, the company hopes to grow its team across Asia and expand its offering, it said.
StakeWith.Us provides crypto holders with staking services for blockchain projects, enabling them to use their tokens and earn yield with a guaranteed security, it claims. The platform offers a free-to-use dashboard to monitor each project and a communication tool to engage with crypto governance.
There are a handful of blockchain projects live on the platform for token holders to back, including connected blockchain platform Cosmos, decentralized finance ecosystem Terra, and decentralised application builder Skale.
LuneX Ventures was launched by Golden Gate Ventures last year, with a reported capital pool of $10m to begin with. The division was established with the goal of supporting global companies developing new services for the crypto market.
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