Web3 open-source tool Stackup completes $4.2 million seed round financing, led by 1kx

ChainCatcher news, according to Decrypt, Stackup, a Web3 open-source tool founded by former SpaceX mission manager John Rising, has completed a $4.2 million seed round financing, led by 1kx, with participation from Y Combinator and Digital Currency Group.

The platform provides enterprises with a "centralized control over decentralized assets" solution through account abstraction technology, supporting features such as spending limits and batch transaction reviews.

Rising emphasizes the importance of system security design based on his aerospace engineering experience, pointing out that the current crypto field overly focuses on security protection while neglecting operational safety. The Stackup team currently consists of 4 members, and their technology has previously been applied in the wallet development of Coinbase and Trust Wallet.