liquidity

The full-chain liquidity asset protocol StakeStone has completed a $22 million financing round, led by Polychain Capital, with strategic investments from Binance Labs and OKX Ventures

ChainCatcher news, according to Bitcoin.com, the full-chain liquidity asset protocol StakeStone announced the completion of a $22 million financing round led by Polychain Capital. This financing also includes strategic investments from Binance Labs and OKX Ventures, with the seed round led by SevenX and participation from Nomad Capital, HashKey Capital, HashKey Cloud, Amber Group, Coinsummer, Bankless Ventures, DAO5, Symbolic Capital, Arcane Group, Quantstamp, and others. This financing will drive StakeStone to achieve accelerated growth while expanding its product services and strengthening its influence in key markets.StakeStone is committed to building the first liquidity ETH/BTC asset standard based on a highly scalable staking network, which supports a risk-free consensus layer for various native assets. With the support of this financing round, StakeStone has also launched its liquidity BTC products, including liquidity index BTC ------ SBTC and interest-bearing liquidity BTC ------ STONEBTC, to enhance the application of native BTC in the EVM ecosystem and other blockchain networks. StakeStone aims to drive real applications by providing high-utilization liquidity, empowering ecosystem partners and DeFi protocols such as Berachain, Movement Labs, Monad, Plume Network, Corn, Pendle, and AAVE DAO.StakeStone will also launch payment products, providing flexible savings account features based on its interest-bearing liquidity ETH asset STONE, while offering a "buy now, pay later" (BNPL) option to bring greater transaction flexibility to users. Leveraging the real-time processing capabilities of MegaETH, this product aims to establish a sustainable model that drives real-world applications and supports large-scale adoption."We are very happy to collaborate with the world's leading crypto funds to build a new generation of full-chain liquidity infrastructure," said Charles K, co-founder of StakeStone. "Their expertise and support are crucial for our ongoing innovation and the global adoption of our products. At the same time, through this financing, we are committed to bringing decentralized finance into the real world. Together with the next generation of high-performance blockchain networks, we aim to increase the number of users served from hundreds of thousands to tens of millions or even hundreds of millions through RWAFi and PayFi, pushing the crypto industry into the era of super applications."

Bloomberg analysts: Traditional financial institutions are interested in Bitcoin ETFs, which helps improve liquidity and demand

ChainCatcher news, according to Decrypt, data shows that over the past four years, among the 1,800 ETFs that started trading, BlackRock's IBIT has seen the highest inflow of funds. Bloomberg ETF analyst James Seyffart believes that the rapid influx of funds is partly due to investors wanting to invest in Bitcoin for some time, but they lacked a safe or simple way to invest before the ETF was approved. Now that the ETF has started trading, this demand is quickly entering the market.He stated, "I think part of this is pent-up demand, but as people learn more, it's also new demand. Traditional financial institutions are also interested in these products—including hedge funds participating in futures trading. This helps improve flow and demand." He added that hedge funds have been going long on ETFs and then selling futures contracts.Meanwhile, the performance of Ethereum spot ETFs has been less than satisfactory. Farside data shows that so far, 9 ETFs have seen a cumulative net outflow of $491.9 million. However, this does not mean that demand will not rebound. Investors have put cash into other products, which may indicate that a turnaround is on the horizon.Seyffart added, "It's just that the outflows from Grayscale's ETHE have overwhelmed the inflows into other (Ethereum) ETFs at the moment."
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