Cryptocurrency collateral platform Northstake completes $3 million financing, with participation from PreSeed Ventures and others

ChainCatcher news, according to CoinDesk, the cryptocurrency staking platform Northstake has completed a $3 million funding round, with participation from PreSeed Ventures, Morph Capital, The Aventures Fund, Funfair Ventures, and Delta Blockchain Fund.

CEO Jesper Johansen mentioned that Northstake focuses on straightforward staking products, rather than the complex decentralized staking protocols offered by providers like Lido or Rocketpool. (source link)