Kinto receives $20M funding from Brevan Howard Digital: Traditional firms entering DeFi space?

Kinto, the on-chain financial platform built atop Ethereum, received on Monday a whooping 20 million dollars funding by Brevan Howard Digital, the digital assets division of the prominent global alternative investment management firm.
This funding has made Brevan Howard Digital one of the first traditional firms to trust the potential of Ethereum L2’s on-chain reward program offered by Kinto and the ultimate Defi ecosystems.

To develop on-chain mining program

As the only L2 with native Know your Customer (KYC) and (AML) at the blockchain level, Kinto is working towards the mission of bridging traditional finance with decentralized finance (DeFi). Presenting it as the modular exchange, Kito with its non-custodial and insured wallet provided users access to a wide range of DeFi opportunities with maximum security.
The received funding will most probably be used by Kinto to support it’s on-chain mining program. By integrating these funds into the mining program, Kinto aims to attract more institutional participants, thereby enhancing the platform’s liquidity and fostering a robust decentralized finance (DeFi) ecosystem tailored to meet institutional compliance and security standards.

We are happy to share that @BHDigitalAssets deployed $20m in assets on Kinto, participating in our mining program.

Read more in the press release: https://t.co/MkRgmoMOD7

— Kinto (@KintoXYZ) February 17, 2025

Traditional firms entering DeFi space

The received funding also aligns with the growing narrative of traditional financial firms engaging in DeFi ecosystems.

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