PANews October 22 news, on-chain asset management solution provider karpatkey announced the completion of a $7 million financing round, which attracted participation from over 40 angel investors and investment funds, including AppWorks and Wintermute Ventures, ConsenSys founder Joe Lubin, Avara's Stani Kuchelov, Balancer Labs' Fernando Martinelli, GnosisDAO's Stefan George, Friederike Ernst and Martin Koeppelmann, Nexus Mutual's Hugh Karp, Rotki's Lefteris Karapetsas, and ACI's Marc Zeller.

karpatkey focuses on decentralized autonomous organizations (DAO) and financial institutions. This financing will help karpatkey expand its solutions to more DAOs while accelerating its market expansion to traditional funds and institutions. karpatkey was initially established in 2020 to manage Gnosis's finances and now provides a range of sophisticated financial solutions for many successful crypto organizations, including Aave, Balancer, CoW, ENS, Lido, and Safe.