Entering 2024 with confidence, thanks to a $17M new funding round led by 1kx.

Entering 2024 with confidence, thanks to a $17M new funding round led by 1kx.

Dear Kiln community,

I'm thrilled to announce the close of our latest $17 million funding round, led by 1kx, with contributions from IOSG, Crypto.com, Wintermute Ventures, KXVC, LBank, and our existing investors. Alongside last year's round, we've now raised a total of $35 million.

This round of funding fuels our global expansion and new products. Today we are also excited to announce the opening of our first office outside Europe, in Singapore. We are looking forward to serving new and existing customers in the region more effectively, with a team of veteran Kilners in addition to new local talent.

Additionally, the funding will fuel our product expansion into two major areas. We are introducing vNFTs enabling tokenisation of dedicated Ethereum validators, which has garnered increasing interest with the preparation and launch of ETFs. We are also developing a product in the DeFi space enabling our integrator customers (wallets, exchanges, custodians) to monetise stablecoin rewards opportunities.

I would like to use this opportunity to express my sincere gratitude to our new and existing investors, our valued customers and the entire Kiln team for their trust. While our platform currently enables thousands of users to access rewards, our commitment extends to democratizing value creation for millions of individuals, regardless of where their digital assets are held.

Read more about our fundraise in TechCrunch, The Block and Coindesk.

Laszlo Szabo

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