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Staking Provider P2P.org Raises $23M From Big-Name Investors to Drive Institutional Offering

Staking service provider P2P.org has received $23m in funding from crypto heavyweights Jump Crypto, Bybit and Sygnum. P2P is developing a new infrastructure platform catering to intermediaries, which capitalises on the recent Shanghai upgrade of the Ethereum network that allows users to withdraw assets they have "staked." P2P plans to use the funding to develop blockchain infrastructure that enhances the user experience in staking as well as researching and developing expansion initiatives.

(By Jamie Crawley)

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