The institutional pledge market Gyld Finance has completed a $1.5 million financing, led by Lightshift

ChainCatcher news, the institutional staking market Gyld Finance has announced the completion of a $1.5 million financing round led by Lightshift.

According to reports, Gyld Finance was founded by Abbas Ali (former product head at JPMorgan Kinexys) and Ruchir Gupta (former head of treasury and options trading at GSR), and is developing regulated financial market infrastructure that transforms staking rewards into a tradable institutional asset class. Gyld has begun a pilot with Figment as its first staking provider and is now recruiting selected early adopters—including asset management firms, trading companies, and digital asset vaults.