Series A Round

Symbiotic is a Berlin-based generalized restaking system enabling decentralized networks to bootstrap fully sovereign ecosystems. It shifts to 'universal staking', allowing any blockchain to be secured and any asset to be used, powering insurance protocols and DeFi products. The platform aims to enhance the interoperability and security of decentralized finance (DeFi) applications. With this funding, Symbiotic plans to expand its team, enhance its technology, and accelerate the development of its universal staking framework. The funding will also support partnerships with other blockchain projects to further integrate its universal staking solutions. This investment positions Symbiotic as a key player in the evolving landscape of decentralized finance. The round was led by prominent investors, including Pantera Capital and Coinbase Ventures, highlighting the confidence in Symbiotic's innovative approach to DeFi.