Institutional pledge market Gyld Finance completed $1.5 million in financing, led by Lightshift
Source: ChainCatcher
Time: 2025-09-09 22:42:01
According to ChainCatcher, GyldFinance, an institutional pledge market, announced that it had completed a US$1.5 million financing, led by Lightshift. Founded by Abbas Ali (former product director of Kinexys by JPMorgan Chase) and Ruchir Gupta (former head of finance and options trading at GSR), GyldFinance 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.