PANews reported on November 11 that the full-chain liquidity asset agreement StakeStone announced the completion of a $22 million financing led by Polychain Capital, with Binance Labs and OKX Ventures participating in the strategic investment, and the seed round led by SevenX. Other investors include Nomad Capital, HashKey Capital, Amber Group, etc. This round of financing will help StakeStone accelerate growth, expand its product services and enhance its influence in key markets.
StakeStone is committed to building a liquid ETH/BTC asset standard based on a highly scalable staking network, launching a liquid index BTC (SBTC) and interest-bearing liquid BTC (STONEBTC) to enhance the application of native BTC in the EVM ecosystem and other blockchain networks. StakeStone plans to provide efficient liquidity support for ecological partners such as Berachain, AAVE DAO and DeFi protocols to promote the implementation of practical applications.
In addition, StakeStone will launch payment products supported by the interest-bearing ETH asset STONE, including flexible savings accounts and buy now pay later (BNPL) options, providing users with greater transaction flexibility and building a sustainable application model based on MegaETH's real-time processing capabilities.
