Kiln, an institutional cryptocurrency lending platform, raised $17 million in a funding round led by 1kx, with participation from Crypto.com, IOSG, Wintermute Ventures, KXVC, and LBank. Kiln plans to use the funds to support its global expansion plans, including the opening of a new Singapore headquarters in the first quarter.

Immunefi announced on X platform that the institutional pledging platform Kiln has increased its maximum bug bounty from $100,000 to $1 million.