Kelp DAO, an Ethereum liquid restaking platform based on EigenLayer, has raised $9 million in a private token sale round.

SCB Limited, a proprietary trading firm based in the Bahamas, and Laser Digital (the crypto unit of Nomura Global) led the round with a combined $3.5 million investment, Kelp said Wednesday. Other investors in the round included Bankless Ventures, Hypersphere Ventures, Draper Dragon, DACM, Cypher Capital, GSR, HTX Ventures and DWF Ventures.

Angel investors, including Scott Moore of Gitcoin, Sam Kazemian of Frax Finance, Marc Zeller of Aave Chan Initiative, Saurabh Sharma of Jump Crypto and Amrit Kumar of AltLayer, also joined the round.

Kelp began raising for the private token round in February and closed it in March, co-founder Amitej Gajjala told The Block. The …