Kiln is a French white-label staking technology provider that offers on-chain smart contracts, SDKs and APIs to enable one-click pooled staking integrations in non-custodial wallets. It also operates a large network of Ethereum validator nodes and is the largest operator by validators with just over 4% market share on Ethereum. Kiln programmatically manages staking through its smart contracts, collecting an automated commission on rewards, which ties its revenue growth to assets under management. The company currently manages 1,168,288 staked ETH, roughly $3 billion at current exchange rates, and has increased its stake under management fivefold over the past year. Kiln provides dedicated validator operations for partners and counts clients such as Ledger, Crypto.com and Coinbase for pooled staking services in their non-custodial wallets. The company plans product expansion and the establishment of an office in Singapore. Kiln has raised a total of $35 million since its inception. Kiln is a Paris-based, enterprise-grade staking technology platform provider offering infrastructure and tooling for staking across major proof-of-stake blockchains. Its product suite includes Kiln Connect (a single SDK to integrate staking, rewards data and custodians), Kiln On-Chain (smart contracts for ETH staking and automated rewards management), Kiln Dashboard (staking dashboard, administration, reporting and data export) and Kiln Validators (dedicated or shared validators with enterprise SLAs on multi-cloud Kubernetes). The company manages over $500 million of assets staked under management. Customers include Binance US, GSR and Ledger. Kiln plans to use the newly raised funds to expand its staking infrastructure product range. The business is co-founded by CEO Laszlo Szabo, CPO Ernest Oppetit and COO Thomas de Phuoc and targets institutional-grade staking customers.

Total raised

$35M

Funding rounds

2

Latest round

Equity

Latest activity

Jan 2024