Skip to content

ETH Staking Platform Kiln Raises Funds, Opens Singapore Office

The platform has secured $17M in funding led by 1kx for its global expansion.

Photo by Shubham Dhage / Unsplash

Table of Contents

‍Ethereum staking infrastructure provider Kiln has announced the close of a $17 million funding round, led by 1kx, with contributions from IOSG,, Wintermute Ventures, KXVC, LBank, and existing investors. 

The round brings the total funding raised by Kiln to $35 million. The funds will be used to boost the platform's global expansion and new products, according to a statement on Thursday. Also announced was the opening of the Kiln's 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," Kiln said.

‍According to the Paris-based company, it runs validators on all major PoS blockchains, with ith $4.2 billion in staked assets under management in 2023, and running over 4% of the Ethereum network, on a multi-cloud, multi-region infrastructure. Kiln's solutions allows users to collectively stake smaller amounts, bypassing the 32 ETH minimum requirement for ether staking.

Kiln said it would also be rolling out new products: vNFTs enabling tokenisation of dedicated Ethereum validators, which has garnered increasing interest with the preparation and launch of ETFs, as well as a product in the DeFi space enabling integrator customers (wallets, exchanges, custodians) to monetize stablecoin rewards opportunities.

Putting Your ETH to Work: The Golden Age of Solo-Staking is Here
It’s never been a better time to get into Ethereum home staking. Samuel Chong, founder of Stakesaurus, provides a step-by-step guide to getting started.


What is the Fair Value of Bitcoin?

What is the Fair Value of Bitcoin?

According to two staff members of the European Central Bank, Bitcoin is still a harmful phenomenon with no inherent worth, even if it has been approved as an asset to be included in ETFs in the US. The OG cryptocurrency just crossed its two-year high today, sitting at $56,287

ETF Hype Pushes Ether to 2-Year Highs

ETF Hype Pushes Ether to 2-Year Highs

Anticipation for US spot crypto ETFs shifts focus to Ethereum, with investors eyeing Ether's outperformance over Bitcoin amid rising demand and potential legal challenges, despite regulatory hesitations and concerns over ecosystem centralization.