Hong Kong, November 10, 2021 – Trusted Node, a platform creating a validation network for proof-of-stake and next-gen blockchains, recently raised $ 2 million on a private tour in just an hour.
Trusted Node’s vision is to bring Proof of Stake (PoS) network rewards to its users, thereby providing more opportunities for cash flow and yield generation. Trusted Node achieves this by creating a reliable decentralized network of validator nodes on major decentralized financial networks (DeFi) and emerging blockchain.
The investment round was led by Plutus VC, followed by Lion DAO and Autonio. The cycle also saw the participation of Tavis Digital, Sphere, Sentinel, Hydro Labs, Primo Consulting and NIOX DAO.
Trusted Node CEO and Founder Stefan Rust said: âWe are delighted to have the support of so many key investors, and to have raised $ 2 million in such a short time reflects the confidence and the support given to our project. Going forward, we will continue to develop and improve our platform, offering more choices of validation networks to our users, which in turn will benefit the entire crypto ecosystem. “
The funding will be used to expand Trusted Node’s network of validator nodes, which will expand choices for its users. In addition, the funds will be used to develop and improve the functionality of Trusted Node, such as the platform’s liquid staking vaults which will be available soon.
âWe are excited about the potential of Trusted Node to deliver the next generation liquid staking solution for PoS blockchains. The protocol will provide aggregation and more return opportunities through the staking of assets and derivatives in both protocols and validators, âsaid Calvin Ng, general partner of Plutus VC.
âWe are proud to invest and partner in projects that share our vision of collective growth and empowerment. We are excited to partner with Trusted Node as they are aligned with our passion and commitment to building a decentralized world, âsaid Faiz Nazarali, Co-Founder of Trusted Node, Highvibe Network, Lion DAO and COmastermind.
âTrusted Node’s innovative liquidity staking solution promises to be a valuable piece of infrastructure, bringing proof of the stakes and opportunities of Yield Farming to the masses. We are thrilled to have the opportunity to support the core team’s vision of building Trusted Node, âsaid Ali Raheman, Founder of the Autonio Foundation.
The private round follows Trusted Node’s earlier success by reaching $ 30 million in total locked-in value (TVL) just two weeks after launching its web app and staking portal. Trusted Node is extremely grateful to its users and community, as well as its investors.
The Trusted Node white paper was also recently published and can be viewed here.
About the trust node
Trusted Node creates a network of validators for proof-of-stake and next-gen blockchains. It enables professional network management while delivering returns to stakeholders who participate in decision-making around the nodes of the network infrastructure.
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Sunny Cheng at [email protected]
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