Ethereum re-collateralization protocol Kelp announced that it has completed a $9 million token financing at a valuation of $90 million. SCB Limited and Laser Digital (Nomura Securities' cryptocurrency department) led the investment, with Bankless Ventures, Hypersphere Ventures, Draper Dragon, DACM, Cypher Capital, GSR, HTX Ventures, and DWF Ventures participating. In addition, 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.