Kintsu, a liquid staking protocol building on the Monad blockchain, has raised $4 million in a seed funding round.

Castle Island Ventures led the round, with Brevan Howard Digital, CMT Digital, Spartan Group, Breed VC, CMS Holdings, Animoca Ventures and others participating, Kintsu said Thursday. Angel investors, including Alex Matthews and Ross Trachtman from Brevan Howard Digital, Marin Tvrdic from Lido and Robinson Burkey from Wormhole Foundation, also joined the round. 

Kintsu began raising funds for the seed round in May and closed it earlier this month, founder Stephen Novenstern told The Block. The round was structured as a simple agreement for future equity (SAFE) plus token warrants, Novenstern said, declining to comment on the valuation.

What is Kintsu?

Kintsu is a …