Binance Labs announced that it has invested in StakeStone, a company that combines liquidity from many chains and thus provides staking services. The amount of the investment was not disclosed.

The Singapore-based company, which describes itself as a “omnichain liquidity distribution network”, offers its customers by combining many types of returns. StakeStone carries out an activity that spans many areas from Ethereum staking to restaking, from real-world assets to decentralised physical infrastructure with artificial intelligence.

Users who staking over the protocol also earn STONE tokens.

“We are also researching the Bitcoin restaking ecosystem”

Charles K, one of the founders of the company and speaking to The Block from the US media, said, “Users who earn STONE can also move these tokens to other areas of return. As a company, we are also researching the Bitcoin restaking ecosystem and we are also planning to issue STONE BTC. However, I must say that we are not just a liquid restaking company. We provide services in many areas, “he said.

Some of the projects supported by Binance, which invested in many projects and companies in the restaking industry this year; Puffer Finance, Babylon and Renzo. Babylon, one of these projects, is known for providing services in Bitcoin restaking.

Binance Labs has severed its ties with Binance in recent weeks and started working as a separate company. The company also launched a $500 million fund last year and managed to fill the fund. For the first time with this fund, the company also had investor inflows from outside Binance.