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Re-Staking Comes to Web3: Laser Digital Strikes a Deal with Kelp DAO

Enhancing DeFi engagement through re-staking with Kelp DAO

Nomura’s digital asset subsidiary, Laser Digital, has announced a partnership with Kelp DAO to integrate re-staking capabilities into its digital funds and has also led a $5 million funding round for the web3 gaming protocol Tevaera.

Key takeaways:

  • Laser Digital collaborates with Kelp DAO to introduce re-staking to its investment platforms.
  • Laser Digital spearheads investment in Tevaera’s $5 million round to boost web3 gaming.
  • The move underlines Laser Digital’s strategy to deepen its engagement with innovative blockchain protocols.

Laser Digital is enhancing its digital asset offerings by integrating re-staking functions through a new partnership with Kelp DAO. This collaboration aims to provide a user-friendly platform for institutional investors to engage with re-staking mechanisms, particularly within the Ethereum ecosystem. Kelp DAO, known for facilitating participation in Eigenlayer, manages over $850 million in total value locked (TVL) and supports more than 40,000 re-stakers. 

This move by Laser Digital underscores its commitment to providing robust investment channels in the dynamic market of Ethereum. The initiative aligns with the growing interest in decentralized finance (DeFi) protocols, which are gaining traction among institutional investors seeking innovative ways to maximize their crypto holdings.

Leading innovation in web3 gaming with Tevaera Investment

In addition to its DeFi initiatives, Laser Digital has taken a significant step into the web3 gaming sector by leading a $5 million funding round for Tevaera, a promising web3 gaming protocol. This investment highlights Laser Digital’s strategy to diversify its portfolio into emerging digital realms that offer substantial growth potential. The funding is expected to propel Tevaera’s development, enabling it to deliver enhanced gaming experiences powered by blockchain technology.