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The institutional staking market Gyld Finance has completed a $1.5 million pre-seed funding round, led by Lightshift.
PANews, September 9th news, according to Investing, the institutional stake market Gyld Finance announced the completion of a $1.5 million pre-seed round of financing, led by Lightshift. According to reports, Gyld Finance was founded by Abbas Ali (former head of products at JPMorgan Kinexys) and Ruchir Gupta (former head of treasury and options trading at GSR), and is developing regulated financial market infrastructure to transform stake rewards into a tradable institutional asset class. Gyld has begun a pilot with Figment as its first staking provider and is now recruiting selected early adopters, including asset management firms, trading companies, and digital asset vaults.