Crypto staking startup RockX scores $6m in funding

Crypto staking provider RockX announced that it has raised $6 million in a Series A funding round anchored by Amber Group, a global digital asset platform.

The funding round, which raised RockX’s valuation to $30 million, was also participated by other prominent crypto industry leaders including Matrixport, Primitive Ventures, FBG Capital, Draper Dragon, IMO Ventures, Alpha CW and Megastake.

The startup said it will use the funds to enhance its product and service offerings, as well as grow its team to better meet the increasing global demands for quality staking and data services.

The completion of this funding round comes at a period of unprecedented growth for the business. Since the beginning of the year alone, RockX has doubled its headcount and its assets under management to almost $1 billion, all while announcing significant collaborations with established protocols, such as Lido and ssv.network, to bring more innovative liquid staking products and robust validator infrastructure onto major and emerging proof-of-stake blockchains.

RockX’s team is equipped with a wealth of experience in mining, staking, protocol research, and infrastructure design. In recent years, the company has built access node APIs for popular Layer 1 and 2 protocols for developers, and helps companies to seamlessly access and interact with blockchains.

With over $900 million worth of tokens staked, RockX is one of Asia’s leading staking platforms. Focusing on serving institutional and high net-worth clients globally to compound their returns on cryptocurrencies, it is always open to collaborating with synergistic partners & innovative Web 3.0 projects, ultimately helping to build the decentralised financial ecosystem.

“The strong support we are seeing in our inaugural round of capital raising is a testament to the potential and strength of our business. The trust and confidence our investors have placed in us makes us uniquely positioned to become the leading global staking and data services provider. Our unwavering focus on product innovation has led to the development and implementation of several next-generation structured products for the liquid staking ecosystem,” said RockX chief executive officer Chen Zhuling.