# Pstake Finance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pstake-finance

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.pstake.finance/
- Total disclosed funding: $10M
- Latest round: Seed (Nov 16, 2021)
- Investors on record: 12

## About

Founded in 2021 by Tushar Aggarwal and based in Singapore, Pstake Sub One Ltd., dba Pstake Finance, focused on Bitcoin liquid staking, enabling users to transform their Bitcoin into yield-generating assets. In November 2021, Pstake Sub One Ltd raised USD 10 million in seed funding co-led by DeFiance Capital, Figment Inc., Galaxy Digital, Sequoia Capital, and Three Arrows Capital, including Alameda Research Ventures, All in Bits, Inc., Coinbase Ventures, Kraken Ventures, Sino Global Capital, Stakefish, and The Spartan Group.

pSTAKE Finance specializes in Bitcoin liquid staking, enabling secure yield generation on Bitcoin by utilizing Babylon's staking protocol alongside additional DeFi yield opportunities. The firm’s primary offering allows both individuals and institutions to liquid stake their Bitcoin (BTC), transforming it into an active, yield-generating asset. This solution is tailored for a broad client base, including retail investors and institutional entities, and facilitates access to Bitcoin yields. pSTAKE Finance’s liquid staking services focus on enhancing Bitcoin's utility within the DeFi ecosystem, addressing the demand for simpler yield generation mechanisms.

pSTAKE Finance generates revenue through its liquid staking services by charging low staking fees and benefiting from partnerships with major DeFi ecosystems. Revenue is derived from transaction fees that clients pay for accessing the platform’s staking capabilities and the associated yields.

## Funding rounds

- Seed, Nov 16, 2021, $10M — Hong Shan, The Spartan Group, Three Arrows Capital, Galaxy Asset Management, Coinbase Ventures, All in Bits, Inc., Figment, Inc., Alameda Research Ventures, DeFiance Capital, Kraken Ventures, Ryze Labs, Stakefish

## Investors

- Hong Shan — Seed
- The Spartan Group — Seed
- Three Arrows Capital — Seed
- Galaxy Asset Management (https://capitalatlas.ai/funds/galaxy-asset-management) — Seed
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Seed
- All in Bits, Inc. — Seed
- Figment, Inc. — Seed
- Alameda Research Ventures (https://capitalatlas.ai/funds/alameda-research-ventures) — Seed
- DeFiance Capital — Seed
- Kraken Ventures (https://capitalatlas.ai/funds/kraken-ventures) — Seed
- Ryze Labs (https://capitalatlas.ai/funds/ryze-labs) — Seed
- Stakefish — Seed