Staking Rewards is extremely excited to announce that we have successfully raised 3M CHF from the world’s 3 leading digital asset investment firms; Galaxy Digital, CoinShares, and Digital Currency Group (DCG).
The new investment will fuel our growth and positioning as the trusted data hub for the $40 billion staking industry. The capital will allow us to develop a new suite of products and services catering to the staking space, including the development of investable staking index products.
Stepping into the future with the support of the world’s largest digital asset investment firms
Today, staking generates an estimated $9 billion of revenue throughout the ecosystem, but investors and asset managers have few independent data sources when it comes to understanding and evaluating staking yields, service providers, and staking related investment products. With over 4.7M page views per month and 400k+ unique monthly users, we have become the site of reference for all staking related activities.
Our fundraising round was oversubscribed by 6x, and in order to continue serving as an independent and unbiased hub for the staking industry, we have carefully chosen the right partners to support us on our mission.
We are honored that, for the first time in history, the world’s three largest digital asset investment firms co-lead the investment in a company. They collectively manage over $50 billion of crypto assets on behalf of a global investor base, and are actively collaborating with Staking Rewards on integrating staking into their product suite.
Other investors in the round were 1kx Capital and Sygnal Ventures, along with angel investors including early CoinMarketCap team members, and the cryptoasset advisory firm NxGen.
This fundraising round comes at a pivotal time for Staking Rewards, and will mark the next step for us to provide the highest quality data and research around Staking and Proof of Stake, as well as building industry leading financial products on top of it.
The Staking Industry is thriving
The staking industry has grown over 1,550% in the last 12 months, according to our recent 2021 Staking Ecosystem Report. 19 out of the 20 largest smart-contract platforms are already based on some sort of Proof-of-Stake consensus mechanism, with the $500B Ethereum network planning to migrate to Proof-of-Stake in the next year. According to a recent JP Morgan report, staking is expected to generate $40 billion of staking rewards per year by 2025, and currently staking cryptocurrencies can earn yields ranging from 4% to as high as 14% annually.
At StakingRewards.com, we have become the de facto central hub for all things staking, and our proprietary SR20 Index, which is a reference benchmark for the thriving industry, has outperformed the general crypto market by 3.35x.
Throughout 2021 we have experienced an explosive user growth rate. Combined with our strong brand and unique positioning around staking, we are proud to welcome the leading digital asset investment firms, in order to double down and shoot this rocket bonkers.
“I have been following the Staking Rewards team since I began using their site in early 2018, and our team at CoinShares has been looking for a reputable partner to support our ambitious plans for staking related products and services. We see a great opportunity to work closely together as a partner when it comes to research, data, and product development in the staking space.”Meltem Demirors, Chief Strategy Officer of CoinShares, and a long friend of Staking Rewards
We have managed to establish a loyal user base that references StakingRewards.com as a source for reliable data and information around passive income streams within crypto.
As the central information hub and leading data aggregator for cryptocurrency staking, we’re on a mission to increase transparency, reduce entry-barriers and enable private users to become financially independent. We make staking easy & accessible.
“One of crypto’s strongest adoption drivers will be passive income opportunities and Staking Rewards is perfectly positioned to capture a large market of those.”Christopher Heyman, Partner, 1kx Capital
Some thoughts on the growth of Staking Rewards
We have grown our team from 4 people at the beginning of the year to 15 people right now, and will be 25 people by Q1 2022. The new capital will allow us to double down on research and data quality, while staying unbiased, neutral and providing reliable third-party data points to the ever-growing ecosystem around Proof-of-Stake.
That being said, I would like to highlight all the people, who have made Staking Rewards what it is today:
- Our amazing team – a group of extremely smart and beautiful humans, who are constantly rocking this boat.
- All the close supporters, friends, and investors – who constantly push boundaries, inspire us, and help us to grasp the right focus, while we are thinking big.
- All our clients and partners – who see value in the products and services that we are providing. You are an incremental part of our story, and your feedback is invaluable to us.
- Each and everyone of you – who have been visiting our website. You are the main driver for us. We are crafting our data, and tools to help you and your peers to establish sustainable passive income streams. Your gratitude is our motivation.
Thank you all for being part of this, and we are extremely excited to take you on a journey to bring Staking to the next 1 billion people, and open the world where we don’t work for money, but the money works for us. Join us.
And if you are just nearly as excited as I am, make sure to spread the word, watch us, recommend us, and make sure to sign up to the waitlist of the SR20.
If you have questions, ideas, or would like to contribute in any way – let’s talk! We reply to every message.