Kira, a Palo Alto, Calif.-based decentralized finance technology company, closed a $2.2m private funding.
The round, which followed another funding raised from private equity firm Ascensive Asset Management and Alphabit Fund, was led by BTC12 Capital, backed by TRG Capital, NGC Ventures and Origin Capital.
The company is using the funds to continue to expand its dev efforts.
Led by CEO Milana Valmont and CTO Mateusz Grzelak, Kira id advancing
Kira Core, a decentralized solution using Tendermint and Cosmos SDK to secure and power DeFi applications with liquid staking – Kira Network. Thanks to its novel consensus – Multi-Bonded Proof of Stake (MBPoS), Kira aims to enable users to generate revenues from staking any cryptocurrencies, stablecoins, digital fiat, or even NFT’s while maintaining full liquidity via natively supported staking derivatives.