ImToken Raises $10 Million Series A to Fund Global Expansion!!

Chinese ethereum wallet startup imToken has raised a $10 million Series A from IDG Capital as it looks to grow its item offering and back global venture into Asia, Africa, and the United States.

The Hangzhou-based organization, which was established in 2016, cases to be the world's biggest ethereum wallet, with in excess of 4 million month to month dynamic clients and support for 30,000 tokens.

ImToken says that $35 billion worth of assets have been put away in the application over the past date-book year, which is 75 percent more than the "more than $20 billion" that Coinbase has said its clients have put away on its stage. Self-announced information additionally demonstrates that imToken clients represent around 10 percent of all ethereum exchanges.

"imToken has formed its item into one of the best crypto resource wallets on the planet with such a sound notoriety. We trust it will end up being a critical framework for the tokenization proclamation, profiting both the crypto economy and blockchain innovation," IDG Capital's Young Guo was cited as saying in a press articulation.