.png)
3 days ago
2
Ethereum’s largest restaking protocol has launched EigenCloud, a new platform offering “verifiability-as-a-service” for developers.
Jun 17, 2025, 1:00 p.m.
Venture capital firm Andreessen Horowitz (a16z) has invested an additional $70 million in EigenLayer, Ethereum’s largest restaking protocol, to support the launch of EigenCloud, a new platform offering “verifiability-as-a-service” for developers, the companies said on Tuesday.
The investment follows a16z’s $100 million Series B in Eigen Labs in February 2024, and underscores its commitment to the project through its Crypto Fund IV.
EigenLayer currently secures over $12 billion in restaked assets.
EigenCloud allows developers to build trustless, verifiable applications that operate off-chain while anchoring trust and payments on the Ethereum blockchain.
Companies like Securitize will use EigenCloud to verify asset pricing data for BlackRock’s $2 billion BUIDL fund.
The platform introduces new services, EigenVerify for dispute resolution and EigenCompute for offchain execution, alongside existing AVSs like EigenDA for data, the companies said.
By transforming verifiability into a programmable cloud primitive, EigenCloud is targeting sectors like AI, media, betting markets, and enterprise software, as it aims to unlock a new wave of crypto-native and Web2-integrated applications.
“EigenCloud will enable the next generation of disruptive, mass-market crypto apps, closing the gap between what developers want to build onchain and what blockchains allow them to build,” said Sreeram Kannan, CEO of Eigen Labs, in the release.
The alpha rollout includes performance upgrades, dispute tooling, and a developer roadmap for phased access.
Read more: The Protocol: EigenLayer Ready to Launch Missing Feature
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Will Canny
Will Canny is an experienced market reporter with a demonstrated history of working in the financial services industry. He's now covering the crypto beat as a finance reporter at CoinDesk. He owns more than $1,000 of SOL.
AI Boost
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk's AI Policy.
