Liquidity protocol Kintsu completes a $4 million seed round financing, led by Castle Island Ventures.

Kintsu, a liquidity staking protocol based on the Monad blockchain, has completed a $4 million seed round of financing. The round was led by Castle Island Ventures, with participation from Brevan Howard Digital, CMT Digital, Spartan Group, Breed VC, CMS Holdings, Animoca Ventures, and others. The financing structure for this round consists of Simple Agreements for Future Equity (SAFE) along with token warrants. However, Kintsu founder Stephen Novenstern declined to comment on the valuation. (TheBlock)