# Staked

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/staked

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.staked.us
- Total disclosed funding: $4.5M
- Latest round: Seed (Jan 31, 2019)
- Investors on record: 9

## About

Staked, LLC provides non-custodial staking infrastructure tailored for institutional clients in the cryptocurrency sector, enabling secure staking of various proof-of-stake assets for optimized rewards.Founded in 2018, Staked, LLC is based in New York, US, and specializes in non-custodial staking services for institutional clients. The company has completed a total of 2 deals as of December 21, 2021, with a latest funding round of USD 4.5 mn during its Seed round led by Pantera Capital. The founders include Jonathan Marcus, Seth Riney, and Tim Ogilvie, who also serves as CEO. The company was acquired by Payward, Inc. in December 2021, though financial terms remain undisclosed.Staked specializes in providing non-custodial staking infrastructure tailored for institutional clients within the cryptocurrency space. Their core offerings enable clients to stake a wide array of proof-of-stake (PoS) assets, including Ethereum, Solana, Cardano, and Polkadot, among others, thus allowing institutions to earn rewards on their digital assets. The platform emphasizes security by allowing clients to maintain control over their private keys while providing seamless access to staking rewards. Staked serves a diverse clientele, including exchanges, custodians, investment funds, and individual investors, aiming to simplify the staking process and optimize yield across a broad spectrum of crypto assets. Their services are available globally, catering to institutional clients in markets such as North America, Europe, and Asia, among others, enabling stakeholders to maximize returns on their cryptocurrency holdings.Staked generates revenue primarily through transaction fees associated with its staking services. Clients engage in staking by depositing their digital assets onto the Staked platform, where these assets are then utilized for staking within various blockchain networks. The transaction structure typically involves B2B partnerships, where institutional clients pay fees based on the volume of assets staked or a percentage of the rewards earned. Staked offers customized solutions, which may include varying pricing plans based on the specific needs and scale of each client, enhancing the firm's ability to cater to different market segments. Their flagship services focus on optimizing yield and providing comprehensive reporting, which are key components in the overall value proposition for institutional clients.Moving forward, Staked plans to launch new products aimed at enhancing its staking services and expanding into new geographic markets. Specific regions targeted include Europe and Asia, with plans to initiate expansion efforts by the end of 2022. The recent Seed funding of USD 4.5 mn will be utilized to support the development of these new offerings and facilitate the company's entry into these markets.

## Funding rounds

- Seed, Jan 31, 2019, $4.5M — Global Brain, Digital Currency Group, Pantera Capital, Winklevoss Capital, Coinbase Ventures, Fabric Ventures, Blocktree Capital LLC, Applied Crypto Ventures, A100X

## Investors

- Global Brain (https://capitalatlas.ai/funds/global-brain) — Seed
- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Seed
- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Seed
- Winklevoss Capital (https://capitalatlas.ai/funds/winklevoss-capital) — Seed
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Seed
- Fabric Ventures (https://capitalatlas.ai/funds/fabric-ventures) — Seed
- Blocktree Capital LLC — Seed
- Applied Crypto Ventures (https://capitalatlas.ai/funds/applied-crypto-ventures) — Seed
- A100X (https://capitalatlas.ai/funds/a100x) — Seed