1kx leads $5 million seed round for modular smart accounts developer Rhinestone
Summary
Angel investors from Biconomy, WalletConnect, WorldCoin, Lit Protocol and Pimlico also participated.The seed financing brings Rhinestones total funding raised to $5.42 million, a company spokesperson told The Block.Rhinestone builds infrastructure for smart accounts, which are digital wallets governed by smart contracts rather than private keys. "In three to five years, we believe smart accounts will be the dominant interface for any autonomous onchain actor, whether a user, an AI agent or a terminal in a blockchain-integrated supply chain," Rhinestone co-founder Kurt Larsen told The Block. "Modules make smart accounts infinitely extensible and unlock new capabilities without compromising self-custody or security. The round had further participation from Safe, Heartcore, EigenLayers Chief Strategy Officer Calvin Lui, Axelar co-founder Georgios Vlachos and Lau Venturess Waikit Lau.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry.