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Crypto staking provider RockX raises $6M in Series A funding

Finance

forkast.news 05 April 2022 02:50, UTC
  
Reading time: ~2 m

RockX Tuesday said it raised US$6 million in series A funding, valuing the crypto staking platform serving institutional and high net worth investors at about US$30 million.

Fast facts

  • The funding was led by digital asset platform Amber Group and other crypto industry leaders including Matrixport, Primitive Ventures, FBG Capital, Draper Dragon, IMO Ventures, Alpha CW and Megastake.
  • RockX will use the funds to enhance its product and service offerings, as well as grow its team for quality staking and data services. 
  • RockX doubled headcount and assets under management (AUM) to almost US$ 1 billion since the beginning of the year, the firm said in a press release.
  • The amount of crypto staked by institutional and high net worth investors in the Singapore-based firm grew by 35% in the past month, with Terra Luna being the most popular token at over US$137 million staked.

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