PANews June 25 news, according to The Block, Ground, founded by Superstate co-founder Reid Cuming, has completed a $3.6 million Pre-Seed funding round, led by Bain Capital Crypto and ParaFi, with participation from Nascent, Robot Ventures, Chapter One, and Consonant Ventures. The funding structure includes SAFE and token warrants, with the valuation undisclosed and no investors granted board or advisory seats. Ground has also come out of stealth mode and officially launched its platform.

Ground offers API services, helping fintech companies, neobanks, wealth management firms, and asset management companies integrate on-chain yield products into their existing applications without needing to develop blockchain integration themselves. The platform currently supports lending protocols and structured products like Aave, Morpho, Maple, and Kamino on Ethereum, Solana, and Layer 2 networks, and will support liquid staking tokens in the future, regularly adding protocols and blockchains based on client demand. Ground is based in San Francisco, currently has 3 full-time employees, and plans to hire an additional 2 to 4.