Stake Technologies

What Stake Technologies does

Stake Technologies is a Singapore-incorporated blockchain infrastructure company founded in 2020 that builds and operates Plasm Network, a Layer 1 public blockchain built on Parity's Substrate framework and intended to operate as a parachain within the Polkadot and Kusama ecosystems. The company's core technology includes Layer 2 scalability implementations (Plasma and an Optimistic Virtual Machine) layered atop the Plasm mainnet, plus specialized R&D across ECDSA implementations on Substrate and smart-contract tooling. It was certified as the world's first Substrate Delivery Partner by Parity Technologies in April 2020 and has received 5 Web3 Foundation grants (a record for Japanese firms).

The company pursues a hybrid business model combining professional services with protocol-level economics. Revenue streams include custom blockchain development, security and distributed-database consulting for Japanese enterprises (such as Satudora HD and DataGateway payment pilots), and the Plasm Grit Partners program for development companies building on Plasm Network. Plasm Network itself generates potential future revenue through validator rewards and transaction fees, supported by a globally distributed network of 63+ node operators and an early pre-sale that locked 16,783 ETH within 31 days.

Stake Technologies is headquartered in Singapore with operational presence in Tokyo and has expanded into the US (UC Berkeley Xcelerator) and China (Web3 Foundation Bootcamp). It raised approximately $12.4 million across 2021 funding rounds led by Fenbushi Capital, with a syndicate including Altonomy, AU21 Capital, Binance, East Ventures, Hypersphere Ventures, and others. The company's strategic intent is to position Plasm Network as the dominant Japanese-origin parachain in the Polkadot ecosystem, providing Ethereum interoperability to enterprise and developer customers.

Name

Stake Technologies

Legal name

STAKE TECHNOLOGIES PTE. LTD.

Website

https://stake.co.jp

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

101–250 employees

Short description

Stake Technologies is a Singapore-incorporated blockchain company that develops Plasm Network, a Substrate-based Layer 1 blockchain with Layer 2 scaling solutions targeting the Polkadot ecosystem, serving Japanese enterprises (e.g., Satudora HD) and Web3 developers via professional services and protocol operations.

Ownership category

akta.pro rank

Product category

Blockchain Infrastructure

NAICS

Computer Systems Design and Related Services (54151), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Interoperability & Cross-Chain Infrastructure (Bridges, Messaging, Atomic Swaps) (FSAGAMAI)

akta.pro secondary industry

MEV & Transaction Supply Chain Tooling (bundlers, private mempools, builders) (FSAPABAL)

Keywords

• Blockchain infrastructure
• Layer 1 blockchain
• Decentralized protocols
• Smart contract development
• Web3 consulting

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Blockchain Development Services: Custom blockchain development and consulting services for enterprises implementing Web3.0 technology, including Substrate-based solutions and Plasm Network integrations
2. Plasm Network Operations: Operating Plasm Network as public blockchain infrastructure with potential for validator rewards and network transaction fees
3. Technical Consulting: Security consulting and distributed database consulting for enterprise blockchain adoption

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

Stake Technologies develops and operates Plasm Network, a Layer 1 public blockchain built on the Substrate framework with Layer 2 scalability solutions including Plasma and Optimistic Virtual Machine, designed to connect to the Polkadot ecosystem. The company also provides Web3.0 consulting, security, distributed database, and custom blockchain development services to enterprises, particularly Japanese companies implementing decentralized technologies.

Product overview

Stake Technologies operates as a blockchain infrastructure company offering a unified portfolio centered around Plasm Network, a Layer 1 public blockchain with Layer 2 scalability solutions. The product suite includes the core Plasm Network blockchain, its test network Dusty Network, and the Plasm Grit Partners support program. Complementing the core blockchain products, the company provides professional services including Security Consulting, Distributed Database Consulting, Development Services, and R&D Services focused on decentralized scalability, privacy, and interoperability.

Differentiator

Problem solved

Functional benefit

Brands

• Plasm Network: Japan-origin public blockchain with Layer 2 scalability solutions, designed to connect to Polkadot for interoperability with Ethereum and Bitcoin
• Plasm Grit Partners

Products and services

• Plasm Network A Layer 1 public blockchain built on the Substrate framework implementing Layer 2 scalability solutions (including Plasma), designed to connect to Polkadot as a parachain and provide Ethereum interoperability. Supports high transaction processing and smart contract deployment for enterprise and developer use cases.
• Dusty Network Test network for Plasm Network used by developers and enterprises for development and performance verification before mainnet deployment.
• Security Consulting Security consulting services for organizations implementing Web3.0 and blockchain technologies, providing expertise in securing decentralized systems and smart contracts.
• Distributed Database Consulting Technical consulting services for implementing distributed database solutions, helping enterprises integrate blockchain technology into their organizations.
• Development Services Custom product development services focused on solving scalability problems for businesses implementing blockchain and Web3.0 technologies, proposing combinations of latest and stable technologies.
• R&D Services Research and development services specialized in decentralized scalability, privacy, and interoperability, with active development of various decentralized protocols to support research and community initiatives.

Quantifiable outcome

• Third largest network among Polkadot-connected parachain candidates
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and flagship.

• Web3 FoundationcoreStrategic or Co-development Partner · 8 May 20205-time grant recipient for Polkadot ecosystem development; selected for Web3 Bootcamp China; technical support and ecosystem integration
• Parity TechnologiesflagshipStrategic or Co-development Partner · 3 April 2020World's first Substrate Delivery Partner; provides blockchain technology implementation resources and support; joint marketing for enterprise proof-of-concept and commercial development
• UC BerkeleycoreStrategic or Co-development Partner · 10 March 2020Selected for UC Berkeley Xcelerator blockchain acceleration program (6-month); provides Silicon Valley investor network, mentorship, and global expansion support
• Cryptoeconomics LabcoreStrategic or Co-development Partner · 6 February 2020Strategic capital partnership for global recognition in blockchain industry; joint research with Web3 Foundation grant; collaboration on Optimistic Virtual Machine implementation on Plasm Network

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Moonbeam Network: Polkadot parachain providing Ethereum-compatible smart contract execution. Moonbeam is the closest direct competitor to Plasm within the Polkadot ecosystem, targeting the same EVM-interop developer audience.
• Acala Network: Polkadot parachain focused on DeFi and smart contracts with the aUSD stablecoin. Competes with Plasm for Polkadot parachain slots, developer mindshare, and DeFi/enterprise application workloads.
• Parallel Finance: Polkadot parachain building DeFi primitives including lending and liquid staking. Shares the same parachain auction dynamics and Polkadot-ecosystem developer pool as Stake/Plasm.
• Centrifuge: Polkadot parachain for real-world asset (RWA) tokenization. Operates within the same Substrate-based parachain framework, competing for ecosystem grants and enterprise RWA workloads.
• Phala Network: Polkadot parachain providing confidential smart contract execution via secure enclaves. Competes for parachain slots and developer attention within the Substrate ecosystem alongside Plasm.
• Kadena: Layer 1 blockchain with smart contracts (Pact language) focused on enterprise and financial services. Comparable to Plasm in its enterprise Layer 1 positioning and hybrid public-permissioned architecture.

Broad incumbents

• ConsenSys: Largest Web3 infrastructure and consulting firm, built around Ethereum and MetaMask. Overlaps with Stake's enterprise consulting services and Layer 1 ecosystem positioning at much larger scale.
• Alchemy: Leading Web3 developer infrastructure platform (RPC, APIs, indexing). Competes with Stake's broader developer-tooling offering while serving as a substitute infrastructure provider for DApps building on Plasm.
• Polygon Labs: Major Ethereum scaling and Layer 2 ecosystem with a broad enterprise and developer footprint. Competes with Plasm's Layer 2 ambitions (Plasma/OVM) and enterprise Web3 adoption narrative.
• NEAR Protocol: Layer 1 blockchain with sharding and smart contracts targeting developer-friendly onboarding. Competes with Plasm for smart contract developer mindshare and enterprise blockchain adoption globally.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/staketech

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds3 records

Investors15 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Stake Technologies