Kelp DAO, a prominent Ethereum liquid restaking platform, has successfully raised $9 million in a private token sale.

Key investors include SCB Limited and Laser Digital, with support from various other global and angel investors in the crypto community.

The funds will be used to enhance the platform's DeFi capabilities, expand to new ecosystems like Solana and Bitcoin, and introduce innovative restaking solutions.

Kelp DAO currently has over $850 million in Total Value Locked and 40,000 active restakers.

Laser Digital, backed by Nomura, supports Kelp DAO's innovative restaking infrastructure solutions.

Hypersphere Ventures is optimistic about Kelp DAO's potential to enhance yields and flexibility for ETH stakers.

SCB Limited, a Bahamian-based proprietary trading firm, is a key investor in the private token sale.