The smart account development company Rhinestone has completed a $5 million seed round financing, led by 1kx

ChainCatcher news, according to The Block, modular smart account developer Rhinestone has completed a $5 million seed round financing, led by 1kx. CoinFund, Lattice, Heartcore, and Yuan Ventures also participated.

It is reported that Rhinestone is building a platform to create a secure ecosystem for smart account modules and to enable permissionless wallet innovations. Rhinestone will allow any developer to build a smart account module that can be paired with front-end components, enabling users to easily install, remove, or replace their accounts. Previously, Rhinestone was selected as one of the 18 projects in the Ethereum Foundation's ERC-4337 account abstraction grant round.