Kiln Secures $17M Funding for Global Expansion of Crypto Staking Platform

The latest funding round, led by 1kx, will support the establishment of Kiln's APAC Singapore headquarters and further product development.

Kiln, an institutional crypto staking platform, has raised $17 million in a funding round led by 1kx, with participation from Crypto.com, IOSG, Wintermute Ventures, KXVC and LBank.
The funding will be used to fund Kiln's global expansion plans, including the establishment of its APAC Singapore headquarters in Q1.
Kiln's total funding now stands at $35 million, having previously raised $17.6 million in 2022.
The platform has increased its staked assets under management by more than five times in 2023 to reach $4.2 billion.
Kiln is now the largest operator of Ethereum validator nodes, representing some 4% of the Ethereum network.