imToken wallet receives $10 million financing

Posted 01 June, 2018

The crypto wallet – imToken – has reportedly managed to attract $10 million investments from China's IDG capital during the Series A funding round. Earlier, this investment company provided funds for Circle, Ripple and Bitmain.

The company CEO and founder said that the received funds will be spent on business expansion, entering new markets and upgrades of imToken 2.0, as Coinjournal reported.

We are striving “to create an ecosystem where users can conveniently transact, manage and interact with the technology”, as he commented to the media.

The wallet team also intends to add bitcoin, EOS and other coins. For now, the wallet supports ETH and ERC-20 tokens. Moreover, it is planned to add extra protection – notifications of frauds, mobile hack, fishing transactions.

Besides, imToken also features a decentralized trading platform – Tokenlon. The project is a JV with  Kyber Network and 0x.

"Through the decentralized exchange, users can already execute traditional orders but the startup plans to integrate more tools to offer a better range of more traditional financial products including options and leverage, to name a few,” the company spokesperson stated.

IDG Capital commented on its investment:

"imToken has developed its product into one of the top crypto asset wallets in the world with such a sound reputation" 

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