What is Kiln?
Kiln specializes in providing a platform designed for stacking treasury assets on blockchains. The company is headquartered in Paris, France, and operates with the conviction that the global financial system is undergoing a fundamental reconstruction on blockchain technology. Kiln believes that blockchains offer censorship-resistant money accessible to anyone with an internet connection, serving as composable building blocks for permissionless innovation. This vision aims to foster a world with enhanced opportunity, reduced rent-seeking intermediaries, and diminished systemic risks. Staking is identified as a crucial primitive in this new financial paradigm, enabling asset owners to secure networks and earn yields, thereby preserving decentralization and generating returns, akin to an 'Internet bond'.
How much funding has Kiln raised?
Kiln has raised a total of $22M across 2 funding rounds:
Other Financing Round
$5M
Other Financing Round
$17M
Other Financing Round (2022): $5M with participation from SV Angel, Kima Ventures, Shana Fisher, BlueYard Capital, and Alven
Other Financing Round (2024): $17M led by LBank, IOSG Ventures, Wintermute, Crypto.com, and 1kx
Key Investors in Kiln
LBank
LBank is a globally trusted cryptocurrency exchange offering trading for a wide range of digital assets, including Bitcoin and Ethereum. It caters to over 15 million users across more than 210 countries, providing secure trading options and passive income opportunities through token staking.
IOSG Ventures
IOSG Ventures is a research-driven investment fund established in 2017, focusing on Web3. They support founders in creating community-friendly protocols across infrastructure, middleware, security, and social consumer applications, particularly at the early stage.
Wintermute
Wintermute is a leading algorithmic trading firm that creates liquid and efficient markets for digital assets. They offer a range of trading solutions, including OTC trades and tailored liquidity products, targeting institutional clients and early-stage DeFi projects.
What's next for Kiln?
The recent major strategic investment of $17M positions Kiln for significant expansion and further development of its treasury stacking platform. This enterprise-level funding suggests the company is moving towards scaling its operations, enhancing its technological infrastructure, and potentially broadening its market reach. The strategic nature of this investment implies a focus on strengthening partnerships and solidifying its position within the evolving decentralized finance (DeFi) ecosystem. Kiln is likely to leverage this capital to accelerate product innovation, attract top talent, and pursue strategic initiatives that align with its long-term vision of rebuilding the financial system on blockchain technology.
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