# StaFi Technology (BVI)

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/stafi-technology-bvi

- Industry: Financial Services
- Headquarters: British Virgin Islands
- Website: www.stafi.io
- Latest round: Seed (Jul 10, 2020)
- Investors on record: 3

## About

Based in the British Virgin Islands and founded in 2020, StaFi Technology (BVI) Ltd., operating as StaFi (Staking Finance), is a Decentralized Finance (DeFi) staking platform for cryptocurrencies. The platform is built on Polkadot, an open-source, blockchain-based distributed computing platform. Liam Young is the co-founder of the company. In 2020, the company raised a seed round from investors such as Ascendex, ZBS Capital, and Focus Labs. It also raised USD 60 million in seed funding from Focus Labs, Spark Digital Capital, and B-Tech in 2020.

The company allows users to stake PoS tokens in exchange for rTokens, which are available for trading while still receiving staking rewards like "rToken" (reward-Token) in return. Users can collect the staking reward and trade the locked staking token at the same time with their rTokens. It provides "rETH", a solution to the liquidity problem of ETH2.0 staking, with the help of community contributors. StaFi products also include rBridge, rPool and analytics.

The company plans to introduce cross-chain "bridges," namely the two-way bridge, rToken bridge, BSC bridge, and SOL bridge, among others.

## Funding rounds

- Seed, Jul 10, 2020 — Focus Labs, AscendEX, ZBS Capital

## Investors

- Focus Labs — Seed
- AscendEX — Seed
- ZBS Capital (https://capitalatlas.ai/funds/zbs-capital) — Seed