The round was co-led by Woodstock, Morningstar Ventures, and Faculty Group. Other investors include Cypher Capital, Matterblock, Andromeda Capital, NxGen, Rarestone Ventures, Asteroid Capital, and Optic Capital. 

Kasu allows lenders faster return on capital along with risk management associated with the pools of its choice. The risk-optimized RWA yield platform is set to be launched in Q2 2024.