Ethereum Liquid Restaking Platform Kelp Raises Token Round at $90 Million Valuation

Kelp DAO, an Ethereum ETH/USD liquid restaking platform based on EigenLayer, has raised $9 million in a private token sale round. SCB Limited, a proprietary trading firm based in the Bahamas, and Laser Digital (the crypto unit of Nomura Global) led the round with a combined $3.5 million investment, Kelp said Wednesday. Other investors in the round included Bankless Ventures, Hypersphere Ventures, Draper Dragon, DACM, Cypher Capital, GSR, HTX Ventures and DWF Ventures. Angel investors, including Scott Moore of Gitcoin, Sam Kazemian of Frax Finance, Marc Zeller of Aave Chan Initiative, Saurabh Sharma of Jump Crypto and Amrit Kumar of AltLayer, also joined the round.

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