Copenhagen-based startup Northstake has raised €2.8 million from PreSeed Ventures, Morph Capital, The Aventures Fund, Funfair Ventures, and Delta Blockchain Fund. The startup offers streamlined and regulatory-compliant products that ensure audited and regulated crypto staking with verified sources of funds and strict asset segregation. With the substantial investment received, Northstake is poised to enhance its offering and cater to the growing demand for institutional-grade staking services, enabling investors to unlock the full potential of cryptocurrencies.
Northstake is revolutionizing the market by offering streamlined and regulatory-compliant crypto-staking products. With a strong emphasis on security and compliance, Northstake ensures that all funds are held and staked in accordance with current anti-money laundering (AML) and counter-terrorism financing (CTF) directives, as well as the upcoming Markets in Crypto Assets (MiCA) regulation from the European Union. By maintaining full control of validator nodes and carefully managing the flow of funds, Northstake guarantees operational security and regulatory compliance, providing audited and regulated crypto-staking products with verified sources of funds and no commingling of assets.
Kavita Gupta, the founder of Delta Blockchain Fund and an adviser to Northstake, said in a statement: “At Delta, we are bullish on institutional staking services as it allows them to realize the full potential of holding crypto by earning passive income, supporting the network and holding tokens beyond just having them sit as the speculative asset on the balance sheet.”
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