The funding will support Drop’s mission to unlock new economic possibilities in the interchain.
The round was led by CoinFund, CMS Holdings, Anagram, Interop Ventures, and Cosmostation, among other institutions.
Notable individual investors include Lido DAO co-founder Vasiliy Shapovalov, Celestia Labs co-founder Mustafa Al-Bassam, and Jon Kol, CEO of Abacus Labs and a core contributor to Hyperlane.
BlockBeats news reported on October 17 that Drop, a liquidity staking protocol for cross-chain assets and a member of the Lido Finance Alliance, has completed a US$4 million seed round of financing.
