ImToken Close $10 Million Series A from IDG Capital
May 31 Hangzhou- imToken, the world’s largest Ethereum digital asset wallet widely supporting 30,000 tokens, announces $10 million in Series A funding from IDG Capital, a leading investment firm notable for their portfolio of top cryptocurrency companies including Coinbase and Circle.
According to third party statistics, ImToken now accounts for 10% of total daily transactions on ethereum network, with USD $35 billion in pass-through transactions in 2017.
Among the fastest growing cryptocurrency wallets, supported by over 4 million monthly active users, imToken’s ecosystem of products include Tokenlon, an in-app decentralized exchange on imToken in partnership with Kyber Network and 0x, and the launch of the DApp store, supporting an ecosystem of mobile decentralized apps. The latest 2.0 version of imToken features:
1. Tokenlon:the decentralized coin-to-coin exchange.
2. DApp browser: mobile decentralized applications browser
3. Multiple blockchain compatible: will support Bitcoin, EOS etc.
“We are very fortunate to have believed in Ethereum and to build our product revolving the growth of the network. Today, our community of more than 200 nationalities cite security and ease of use of the application as one of the main reasons for using imToken,”
said Ben He, CEO of imToken.
“We are thrilled by the support from IDG Capital, who will be able to offer not only financial support, but also offer their invaluable understanding and expertise in the blockchain industry.”
Ben has been working in internet industry over one decade ago. He is also an early member of a blockchain technology research team, which founded a series of successful blockchain startups. Ben started paying attention to Bitcoin technology back in 2013 and a year later, the Ethereum technology platform. He has previously worked with digital currency exchanges, data storage entities et cetera, and currently focusing on smart contract technology and digital asset management.
“imToken has developed its product into one of the top crypto asset wallets in the world with such a sound reputation,”
said Young Guo, Partner of IDG Capital.
“We believe it will become a significant infrastructure for the tokenization manifesto, benefiting both the crypto economy and blockchain technology. We’re excited to back imToken.”
The ambition of imToken is not limited to domestic market. ImToken is extending to reach cryptocurrency holders in countries including the U.S., China, Africa, Indonesia, and Korea etc. Their goal in 2018 is to entertain over 10 million users in the world.