TLDR:
- Crypto staking platform ContributionDAO secures $2.8 million in funding led by KASIKORN X Venture Capital.
- The funding will be used to expand operations in the Southeast Asia blockchain market and develop new institutional-grade staking solutions.
Summary:
Crypto staking platform ContributionDAO has announced securing $2.8 million in seed funding to enhance its operations and expand its presence in the blockchain industry. The funding, led by KASIKORN X Venture Capital, will be used to develop new institutional-grade staking solutions tailored for the Asian Pacific region and increase footprint in the Southeast Asia blockchain market.
The seed round saw participation from founders of major crypto firms, as well as venture capital companies like Axelar, Monad, and Connext, along with undisclosed angel investors. Part of the funding will also facilitate the expansion of ContributionDAO’s non-custodial staking services, positioning the platform as a frontrunner in institutional staking with secure and compliant solutions.
ContributionDAO aims to bridge different blockchain projects to Southeast Asia through its node and community management solution. The platform is developing ProofSquare.xyz, a community infrastructure suite to streamline global community management. Currently, ContributionDAO boasts over 10,000 community contributors and investors with around $400 million in assets under management in its node staking program.
Jom Vimolnoht, the managing director of KXVC, expressed excitement about collaborating with ContributionDAO and the platform’s track record of contributing to diverse global projects. The partnership aims to create cutting-edge staking solutions and community management tools for the Southeast Asia market.
