Svmuu News: Ground, a startup specializing in on-chain yield infrastructure, announced the completion of a $3.6 million pre-seed funding round. The round was co-led by Bain Capital Crypto and ParaFi, with participation from Nascent, Robot Ventures, Chapter One, Consonant Ventures, and others.
According to reports, Ground primarily provides APIs to fintech companies and asset management institutions, enabling them to integrate on-chain yield products into their existing applications without having to build their own blockchain integrations. Its target customers include fintech platforms, digital banks, wealth management firms, exchanges, and asset management companies, which use the platform to build yield, savings, and investment products.