Kelp DAO raises $9 million in private token sale, bolstering Ethereum liquid staking ecosystem
CryptoNewsTerminal Staff22 May, 2024
Kelp DAO raises $9 million in private token sale, bolstering Ethereum liquid staking ecosystem
Kelp DAO, an Ethereum liquid staking protocol, has successfully concluded a private token sale, netting $9 million in funding to continue developing its innovative platform. SCB Limited and Laser Digital, a subsidiary of Nomura Holdings, spearheaded the investment round. Notably, Riskless Ventures, Draper Dragon, DACM, DWF Ventures, Cipher Capital, GSR, and HTX Ventures joined the funding effort, demonstrating strong support for Kelp DAO's mission to enhance the Ethereum ecosystem.