Back

Colossus Digital Secures €1 Million Investment from SBI Ven Capital

The funding aims to enhance Colossus Digital's platform connecting regulated custodians with validation nodes for staking and governance.

Summary

Colossus Digital has raised €1 million (approximately $1.155 million) in funding to accelerate the launch of its Institutional Hub, which connects regulated custodians with validation nodes for staking and governance. The investment was backed by a joint fund from SBI Ven Capital, Sygnum Bank, and Azimut Group, supporting the creation of a B2B marketplace for digital asset holders.

Terms & Concepts
  • Institutional Crypto Platform: A platform designed for institutional investors to safely engage in cryptocurrency activities, including staking and governance.
  • Validators: Entities that participate in a blockchain network by validating transactions and maintaining the network's integrity.
  • Staking: The process of actively participating in transaction validation (similar to mining) on a proof-of-stake blockchain by locking up a certain amount of cryptocurrency.