China-based cryptocurrency wallet imToken has announced that it has raised $10 million in a Series A round of financing, fully funded by IDG Capital.
The startup plans to use the new funding to drive its expansion into global markets, as well as the development of new features to strengthen the product’s offering. imToken’s ecosystem of products include Tokenlon, an in-app decentralized exchange on imToken in partnership with 0x and Kyber Network, and the launch of the DApp browser, supporting an ecosystem of mobile decentralized apps.
“imToken would like to express our sincerest gratitude to IDG Capital who believes in our vision and product-focused mentality. We are also extremely fortunate to have a dedicated team working tirelessly to improve our product, and most important of all, our faithful users from more than 200 countries all over the world, motivating us to build a better imToken,” imToken said in an online post.
Founded in 2016, imToken is the world’s largest Ethereum digital asset wallet, offering support for 30,000 tokens.
IDG Capital is a leading VC firm that has made investments in over 700 technology companies. It has also been active in the cryptocurrency space with its investments in Coinbase and Circle.
