On-chain yield company Ground completes $3.6 million Pre-seed round, led by Bain Capital Crypto and ParaFi

According to Odaily, on-chain yield infrastructure startup Ground has announced the completion of a $3.6 million pre-seed funding round. The round was co-led by Bain Capital Crypto and ParaFi, with participation from Nascent, Robot Ventures, Chapter One, and Consonant Ventures.

It is reported that Ground primarily provides APIs for fintech companies and asset management institutions, enabling them to integrate on-chain yield products into their existing applications without having to build their own blockchain integrations. Its target customers include fintech platforms, digital banks, wealth management institutions, exchanges, and asset management companies for building yield, savings, and investment products.