‘Users Need Safety’: Former SpaceX Manager Raises $4.2M for Crypto Platform Stackup

In brief

  • A former mission manager at SpaceX has raised $4.2 million for crypto startup Stackup.
  • The platform seeks to give businesses “centralized control of decentralized assets” using account abstraction.
  • The company’s seed funding round saw participation from Y Combinator and Digital Currency Group.

Stackup, an enterprise-grade platform for managing on-chain business operations, said on Friday that it secured $4.2 million in seed funding.

The Los Angeles-based firm, which previously built account abstraction tech for Coinbase and Trust Wallet, said it will use the funds to further develop its platform, which gives businesses “centralized control of decentralized assets,” according to the company’s website.

Stackup’s seed…

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