Northstake Raises USD 3 Million for Development and Growth of institutional crypto staking

Copenhagen Fintech member NORTHSTAKE entered the Fintech scene in 2021 through the intuition of founders Jesper Johansen , Luca Sorlini , and Jesper Mathias N.

The game-changing vision of the Copenhagen-based startup to offer secure and compliant digital asset investments for institutional investors quickly established the rising company as the leading Nordic institutional crypto-staking partner.

In times when global VC investment into Fintechs has slowed down, NORTHSTAKE has cleared uncertainties with a recent USD 3 million pre-seed funding by PSV , Morph Capital , The Aventures Fund, FunFair Ventures , and Delta Blockchain Fund . The funding will enable NORTHSTAKE to continue expanding the opportunities for institutional investors to engage with blockchain networks - as stated on CoinDesk.

Moreover, the Fintech company prioritizes and ensures compliance by collaborating with custody technology firm Fireblocks and blockchain analytics provider Chainalysis , former Copenhagen Fintech Lab resident and now corporate partner.

CEO of Northstake, Jesper Johansen , revealed that they are actively attracting interest from entities such as sovereign wealth funds.

- Institutional investors at the asset manager level, at the sovereign fund level, are looking at this and trying to figure out what staking is and where the yield comes from. It's significant that, in this round that we raised, one of our ultimate beneficial owners is ATP, a state-owned pension fund in Denmark and one of the largest asset managers in Europe. ???shared Jesper Johansen with CoinDesk.