What is Kiln?
Kiln operates a platform designed to enable users to stake their treasury assets, leveraging the power of blockchain technology. The company champions the belief that blockchains are fundamentally rebuilding the global financial system, offering censorship-resistant money and permissionless innovation. By facilitating asset owners to secure networks and earn yields through staking, Kiln aims to preserve decentralization and provide returns, positioning staking as a core primitive for a more accessible and less risky financial future. Their focus on staking as the 'Internet bond' highlights their commitment to core blockchain primitives.
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 Alven, SV Angel, Kima Ventures, Shana Fisher, and BlueYard Capital
Other Financing Round (2024): $17M led by LBank, Crypto.com, Wintermute, IOSG Ventures, and 1kx
Key Investors in Kiln
LBank
LBank is a globally trusted cryptocurrency exchange offering a wide range of digital asset trading options, including spot and futures trading, alongside passive income opportunities through token staking. With over 15 million registered users across more than 210 countries, LBank provides secure and reliable trading services.
Crypto.com
Crypto.com is a leading global cryptocurrency platform with over 80 million customers, focusing on regulatory compliance, security, and privacy. The company aims to accelerate the adoption of cryptocurrency worldwide through continuous innovation and accessible crypto-based products and services.
Wintermute
Wintermute is a prominent algorithmic trading firm that specializes in creating liquid and efficient markets for digital assets. They provide advanced trading solutions, including OTC trades and derivatives, leveraging their sophisticated algorithmic trading engine for institutional clients and early-stage DeFi projects.
What's next for Kiln?
With this recent major strategic investment, Kiln is poised to further accelerate its growth and innovation in the decentralized finance (DeFi) and Web3 sectors. The enterprise-level funding suggests a focus on scaling operations, expanding market reach, and potentially developing new product offerings that enhance treasury management for digital assets. Investors such as LBank, Crypto.com, and Wintermute, with their deep expertise in cryptocurrency exchange operations, digital asset trading, and market making, are expected to provide not only capital but also strategic guidance and market access, propelling Kiln's mission to establish a more robust and decentralized financial ecosystem.
See full Kiln company page
