Gyld Finance completed a pre-seed round of US$1.5 million in institutional pledge market, led by Lightshift

PANews reported on September 9 that according to Investing, Gyld Finance, an institutional pledge market, announced that it had completed a $1.5 million pre-seed round of financing, led by Lightshift. Founded by Abbas Ali (former director of product at JPMorgan Kinexys) and Ruchir Gupta (former director of treasury and options trading at GSR), Gyld Finance is developing a regulated financial market infrastructure that transforms pledge rewards into tradable institutional asset classes. Gyld has begun piloting with Figment as its first staking provider and is now recruiting selected early adopters—including asset management companies, trading companies and digital asset vaults.