Odaily News Stackup, a crypto platform founded by former SpaceX mission manager John Rising, has completed a $4.2 million seed round of financing, led by 1kx, with participation from Y Combinator and Digital Currency Group. The platform provides enterprises with a "centralized control of decentralized assets" solution through account abstraction technology, supporting functions such as spending limits and batch transaction review.
Rising stressed the importance of system security design with his experience in aerospace engineering, pointing out that the current encryption field is overly focused on security protection and ignores operational safety. The Stackup team currently consists of 4 people, and its technology has previously been used in the development of wallets for Coinbase and Trust Wallet. (Decrypt)