imToken nets $30 million Series B financing led by Qiming Venture Partners

Apr 01, 2021 Financial Service

 

imToken, Asia's largest crypto wallet corporate, has secures $30 million Series B financing led by Qiming Venture Partners. It is a decentralized digital wallet used to manage and safeguard a wide range of blockchain- and token-based assets, identities and data.

Other investors include its lead Series A investor IDG Capital and new investors including Breyer Capital, HashKey, Signum Capital, Longling Capital, SNZ and co-founder of Fosun International, Mr. LIANG, Xinjun.

The new funds will be used to accelerate platform innovation, build a dedicated research arm, and recruit top talent. In addition, the company plans to build a research arm called imToken Labs, with the goal of further exploring and applying advanced blockchain technology in imToken’s products and services. It will also be used to bolster imToken’s recruiting efforts in the areas of research, marketing and operations, and to establish more offices globally.

Founded in 2016, imToken aims to address a lack of user-friendly entry points to the cryptocurrency space. In line with its belief that digital asset wallets are the most secure and cost-effective way of banking, the company set out to make the world of decentralized digital wallets more easily and securely accessible by creating a wallet platform with unprecedented ease-of-use and industry leading platform security. 

Now, imToken's digital wallet platform is a key pillar of the cryptocurrency ecosystem, enabling its 12 million users from over 150 countries to manage and safeguard a wide range of blockchain- and token-based assets, identities and data. Over $50 billion in assets are currently placed on the platform and the total transaction value via imToken has exceeded $500 billion.