RockX, a Singapore-based crypto staking platform, has completed its US $6 million Series A fundraising round (staking is a way of earning rewards for holding certain cryptocurrencies).
The investment was led by Amber Group, a worldwide digital asset platform, and included renowned Matrixport, Primitive Ventures, FBG Capital, Draper Dragon, IMO Ventures, Alpha CW, and Megastake.
According to a release, the company’s valuation has increased to $30 million.
RockX plans to utilise the fresh funds to improve its product and service while also expanding its workforce.
RockX claims to have increased its personnel and assets under management to over $1 billion since the beginning of 2022.
It’s also teamed with well-known protocols like Lido and ssv.network to deliver unique liquid staking solutions and validator infrastructure to both established and upcoming proof-of-stake blockchains.
RockX CEO Chen Zhuling said: “Our unwavering focus on product innovation has led to the development and implementation of several next-generation structured products for the liquid staking ecosystem. Looking ahead, RockX is set to play an increasingly pivotal role in a digital and decentralised future.”
RockX, which was founded in 2019, is a worldwide gateway for crypto money and blockchains. Its goal is to help the digital staking economy by providing a safe and secure infrastructure. The team has a plethora of mining, staking, protocol research, and infrastructure design experience.
In recent years, the company has developed access node APIs for common Layer 1 and 2 protocols, allowing businesses to easily access and interact with blockchains.
