The institutional-level pledge platform ContributionDAO has completed a $2.8 million seed round financing, led by KXVC

ChainCatcher news, the institutional-grade staking platform ContributionDAO announced the completion of a $2.8 million seed round financing, led by KXVC, the venture capital arm of Thailand's largest commercial bank, Kasikorn Bank (KBank), with participation from Axelar, Monad, Connext, and other angel investors. The new funds will be used to develop new institutional-grade staking solutions and to help projects expand into the Southeast Asian blockchain market.

In addition, ContributionDAO is building a community infrastructure suite, ProofSquare.xyz, which provides smart automation and virtual assistants to help manage global communities.