The Solana ecosystem re-staking protocol Fragmetric has completed a $5 million strategic financing round, led by Rockaway Capital

reports that, according to official sources, the Solana ecosystem's re-staking protocol Fragmetric has completed a $5 million strategic financing round, led by Rockaway Capital, with participation from Robot Ventures, Amber Group, Hypersphere, and BitGo.

It is said that this round of financing comes just a month after its $7 million seed round, bringing Fragmetric's total funding to $12 million. This financing will be used to expand fragAsset and further advance its mission to build a reliable and innovative re-staking platform.

According to Web3 asset data platform RootData, Fragmetric is Solana's native liquidity re-staking protocol, with a vision to enhance the security and economic potential of the Solana ecosystem. By leveraging Solana's token expansion, Fragmetric effectively implements NCN reward distribution. Additionally, Fragmetric has designed a practical solution, the standardized token program, to utilize various LSTs within the re-staking platform. Fragmetric's mission is to build a secure, transparent, and efficient re-staking infrastructure that empowers users and supports the stability of the Solana re-staking ecosystem.