.webp)
June 20, 2025 – Stackup, an innovative enterprise-grade platform designed to manage on-chain business operations with enhanced safety and control, today announced it has successfully secured $4.2 million in seed funding. The round was led by venture capital firm 1kx, with significant participation from Y Combinator and Digital Currency Group, alongside three other firms. This investment will accelerate the development of Stackup’s platform, which aims to provide businesses with "centralized control of decentralized assets."
Co-founded by CEO John Rising, a former senior mission manager at Elon Musk’s SpaceX, and CTO Hazim Jumali, an Ethereum Foundation grantee, Stackup is uniquely positioned to address the critical need for robust operational safety in the Web3 space. Drawing parallels from high-stakes aerospace engineering, Rising emphasizes that while security is about preventing unauthorized access, true safety involves mitigating catastrophic failures, a lesson learned from his experience with high-value launches at SpaceX.
“We had spent so much time making sure the machine works perfectly that we disregarded the most important part of the system as a whole: that a human is operating it,” said John Rising, Co-Founder and CEO of Stackup. “Builders in crypto tend to really think about security, which is about preventing unauthorized access, when really users need safety.”
Stackup leverages Account Abstraction, a pivotal technology that debuted on Ethereum’s mainnet in 2023. Account Abstraction allows users to create non-custodial wallets as programmable smart contracts, enabling advanced features that transform the user experience and operational capabilities. Stackup previously built account abstraction technology for industry leaders like Coinbase and Trust Wallet, demonstrating their deep expertise in this field.
For businesses, Stackup’s platform translates the power of Account Abstraction into tangible benefits, including:
- Custom Logic for Wallets: Implementing features such as spending limits, specifying approved recipients, and reviewing transactions in bulk before one-click sending.
- Enhanced Safety Features: Designed to prevent catastrophic on-chain failures, drawing from lessons in managing high-value assets.
- Seamless Onboarding & Management: Enabling fast deployment of smart contract wallets with social login and smooth onboarding across EVM chains.
- Operational Efficiency: Offering role-based approvals, batch payments, and gas sponsorship.
- Compliance-Ready Workflows: Supporting real-time treasury management, fiat onramps, and SOC2-grade security, bridging traditional Web2 finance with Web3 infrastructure.
The goal, as articulated by Ethereum co-founder Vitalik Buterin for Account Abstraction, is to make crypto wallets as simple and intuitive as using email. Stackup is actively realizing this vision for enterprises, allowing them to operate on-chain with the precision and control typically associated with traditional financial systems.
This seed funding round signals strong investor confidence in Stackup’s vision and its seasoned team’s ability to deliver essential infrastructure for the evolving Web3 economy. The capital will be deployed to further develop the platform, expanding its toolkit for developers and enterprises seeking to build secure, compliant, and user-friendly Web3 applications.
About Stackup:
Stackup is an open-source toolkit and enterprise-grade platform for building Web3 applications with account abstraction. Designed for both developers and businesses, Stackup enables fast deployment of smart contract wallets with features like social login, seamless onboarding across EVM chains, role-based approvals, batch payments, gas sponsorship, and compliance-ready workflows. Built by veterans of Coinbase and Trust Wallet, Stackup supports real-time treasury management, fiat onramps, and SOC2-grade security, bridging Web2 finance and Web3 infrastructure.
Compiled by CMO Intern team
