The Ethereum re-staking protocol Kelp has completed a $9 million token financing at a valuation of $90 million, led by SCB Limited and Laser Digital.

according to The Block, the Ethereum restaking protocol Kelp announced the completion of a $9 million token financing at a valuation of $90 million, led by SCB Limited and Laser Digital (the cryptocurrency division of Nomura Securities), with participation from Bankless Ventures, Hypersphere Ventures, Draper Dragon, DACM, Cypher Capital, GSR, HTX Ventures, and DWF Ventures. Additionally, angel investors such as Scott Moore from Gitcoin, Sam Kazemian from Frax Finance, Marc Zeller from Aave Chan Initiative, Saurabh Sharma from Jump Crypto, and Amrit Kumar from AltLayer also participated in this round of investment.

Co-founder Amitej Gajjala stated that Kelp DAO expects to "launch governance tokens soon" and is "currently undergoing legal and exchange due diligence."

According to the Web3 asset data platform RootData, [Kelp DAO](https://www.rootdata.com/zh/Projects/detail/Kelp DAO?k=MTA2OTA= "Triple Yield Restaking Protocol") is a triple yield restaking protocol based on EigenLayer. rsETH is a liquidity re-staking token (LRT) issued by Kelp DAO, designed to provide liquidity for non-liquid assets deposited into restaking platforms (such as EigenLayer).