In an announcement on Tuesday, RockX mentioned raising $6 million through fundraising by Amber Group, a crypto-financial service firm based in Singapore. The deal valued the three-year-old crypto platform at $30 million. Such a scalability push usually appears after a span of healthy and sustained growth that RockX witnessed along with a broader staking market.
RockX platform doubled its volume in 2022 and reached managed assets below $1 billion in valuation. With important partnerships with essential protocols such as the ssv.network and Lido, the affiliations have placed RockX in the front line of staking innovation and have provided a robust validator structure for the mainstream PoS solution.
This unique placement was identified in the Series A fundraiser round by Amber Group investors and many cryptocurrency space trailblazers like Primitive Ventures, Matrixport, FBG Capital, Alpha CW, Draper Dragon, Megastake, and IMO Ventures.
CEO of Amber Group, Michael Wu, pointed out the substantial value that was generated by the groundbreaking approach of RockX to the staking protocol. He believes that the funds traded and invested at the platform are sustaining the firm’s ambition to grow – that is synergistic to the long-term strategy of the Amber Group as well as a sign of hope and faith for the leadership and team at RockX.
Many other important investors were fascinated by the key role played by the company in offering easy access to staking finance. Matrixport co-founder, John Gee, underlined how the funding would bring unparalleled potential for development and growth in this crypto space. Investors like Dovey Wan, founder of Primitive Ventures, provided support that ultimately brought longevity to the team in the crypto space and a strong stance via several market cycles that have made RockX a rare platform.
RockX’s approach towards non-custodial staking as well as dependence on the sophisticated data products on-chain is observed by the backers of Series A as the main features of this space. CEO of RockX, Zhuling Chen, is convinced that the confidence and trust of the investors have given a unique position to the company and helped the platform become a top data service provider in the world.
RockX is a one-stop gateway for cryptocurrency blockchains and finance in Asia. The development team operates efficiently with years of experience in staking, mining, infrastructure design, and protocol research. The company has recently developed its access node API for well-known Layer 1 and Layer 2 protocols for software developers, and it helps firms to smoothly access as well as interact with crypto blockchains. With more than $900 million of crypto coins staked, RockX has become a leading staking platform in Asia that focuses on offering high net worth institutions and clients all around the world to compound returns on crypto. The platform is open to working with synergistic affiliates and sophisticated Web 3 projects that help build a DeFi (decentralized finance) ecosystem.