SINGAPORE, May 23, 2024
/PRNewswire/ -- With a commitment to broadening the reach and
usability of blockchain technologies, HTX Ventures, the global
investment arm of the cryptocurrency exchange HTX, has announced a
strategic investment in Kelp DAO, a triple-income re-pledge
protocol based on EigenLayer.
Kelp DAO has secured $9 million in
its latest round of strategic private sales, which will support its
vision to reshape the DeFi and restaking ecosystem. This funding
will enable Kelp DAO to further develop its cutting-edge
technology, expand its offerings, and refine its liquid restaking
solutions. Currently, Kelp offers liquid restaking across the
Ethereum mainnet and nine Layer 2 solutions, including Arbitrum,
Blast, Linea, Base, and Scroll.
"We are excited to support Kelp DAO," said Edward, Managing
Partner at HTX Ventures. "Their focus on enhancing user experience
and driving developer experimentation is pivotal to the early
success of restaking. We believe Kelp's innovative approach will
transform the DeFi landscape, and we are thrilled to be part of
their journey."
Dheeraj Borra, Co-founder at
Kelp, shared, "This fundraise not only fuels our operational
capabilities but also validates the vision we have for Kelp, which
is now shared by our investors. We're excited to scale our
solutions and enhance user experience even further with their
support."
HTX Ventures is thrilled to support innovative projects like
Kelp DAO, which offers a much-needed, user-friendly, and scalable
solution. Users can stay connected with Kelp DAO through their
official website and social media channels for the latest product
updates.
About HTX Ventures
HTX Ventures, the global investment division of HTX, integrates
investment, incubation, and research to identify the best and
brightest teams worldwide. With a decade-long history as an
industry pioneer, HTX Ventures excels at identifying cutting-edge
technologies and emerging business models within the sector. To
foster growth within the blockchain ecosystem, we provide
comprehensive support to projects, including financing, resources,
and strategic advice.
HTX Ventures currently backs over 200 projects spanning multiple
blockchain sectors, with select high-quality initiatives already
trading on the HTX exchange. Furthermore, as one of the most active
Fund of Funds (FOF) investors, HTX Ventures collaboratively forges
the blockchain ecosystem alongside premier global blockchain funds,
including Figment Capital, Dragonfly, Bankless Ventures, Animoca,
Shima, and IVC.
Contact Details
Michael
Wang
glo-media@htx-inc.com
Company Website
https://www.htx.com/en-us/ventures
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SOURCE HTX