PANews June 25 news, according to The Block, Ground, founded by Superstate co-founder Reid Cuming, has closed a $3.6 million Pre-Seed round co-led by Bain Capital Crypto and ParaFi, with participation from Nascent, Robot Ventures, Chapter One, and Consonant Ventures. The round was structured as a SAFE plus token warrants, valuation was not disclosed, and no investors received board or advisory seats. Ground is also exiting stealth mode and officially launching its platform.

Ground provides API services that enable fintechs, neobanks, wealth managers, and asset managers to integrate on-chain yield products into their existing applications without having to build blockchain integrations themselves. The platform currently supports lending protocols and structured products such as Aave, Morpho, Maple, and Kamino on Ethereum, Solana, and Layer 2 networks. It will support liquid staking tokens in the future and will regularly add new protocols and blockchains based on client demand. Ground is based in San Francisco, currently has 3 full-time employees, and plans to hire another 2 to 4 people.