Cryptocurrency staking management platform, Stader Labs has raised $12.5 million in a strategic private sale that values the company up to $450 million.
The sale was led by Three Arrows Capital with additional participation from Blockchain.com, Accomplice, DACM, GoldenTree Asset Management, Accel, Amber, 4RC, Figment and select angels, including Prabhakar Reddy, Co-founder of FalconX; and Matt Cantieri, GM at Anchor Protocol.
According to the press statement, the staking infrastructure platform will expand to other L1s to bring convenient, safe staking solutions to retail and institutional funds.