Staking service provider raises $23m

Staking service provider raises $23m, a staking service provider, has secured $23m in a funding round to support the development of a new infrastructure platform for intermediaries. The company’s existing infrastructure is focused on direct holders.

The investment was supported by crypto investor Jump Crypto, crypto exchange Bybit and digital asset bank Sygnum, according to a report from CoinDesk.

This capital injection will enable the company to develop blockchain infrastructure that enhances the user experience in staking, as well as researching and developing expansion initiatives.

P2P claims to help crypto businesses growth through an institutional-grade staking solution. It supports token holders, custodians, exchanges and wallets, and funds, with features including staking, insurance, white label nodes, referral programs, APIs, RPC nodes, free rebate and more.

The platform also supports a variety of blockchains, including Ethereum, Aptos, Solana, Cosmos, Polkadot, Near, Chainlink, Cardano, Kusama, Axelar and many more.

In other crypto news, Unchained, a financial services firm offering collaborative custody multisignature vaults and loans for bitcoin holders, secured $60m in a Series B led by Valor Equity Partners.

Texas-based Unchained helps users securely take control of their bitcoin with its cold storage vaults.

Elsewhere, Fractal, an infrastructure provider enabling institutions to clear, settle and margin digital assets on-chain, scored $6m in seed financing.

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