Crypto staking startup RockX completes US$6M Series A round

Singapore-based crypto staking provider RockX has announced the completion of its US$6 million Series A funding round (staking is a way of earning rewards for holding certain cryptocurrencies).

Led by global digital asset platform Amber Group, the round also saw participation from prominent Matrixport, Primitive Ventures, FBG Capital, Draper Dragon, IMO Ventures, Alpha CW and Megastake.

A statement said this financing round takes the company’s valuation to US$30 million.

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RockX will use the new capital to enhance its product and service and grow its team.

Since the beginning of 2022, RockX claims to have doubled its headcount and its assets under management to almost US$1 billion. It has also partnered with established protocols, such as Lido and ssv.network, to bring innovative liquid staking products and validator infrastructure onto major and emerging proof-of-stake blockchains.

RockX CEO Chen Zhuling said: “Our unwavering focus on product innovation has led to the development and implementation of several next-generation structured products for the liquid staking ecosystem. Looking ahead, RockX is set to play an increasingly pivotal role in a digital and decentralised future.”

Established in 2019, RockX is a gateway for crypto finance and blockchains globally. It aims to provide safe and secure infrastructure to support the digital staking economy. The team is equipped with a wealth of experience in mining, staking, protocol research, and infrastructure design.

In recent years, the startup has built access node APIs for popular Layer 1 and 2 protocols for developers and helps companies seamlessly access and interact with blockchains.

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