CEO Open Letter | imToken Completes Series B $30 Million Financing

I am pleased to announce that imToken has recently completed a Series B funding round of 30 million US dollars.

(This article is authorized to be reprinted from imToken, the original title is "CEO Open Letter | imToken Completes Series B $30 Million Financing," original article please see)

Thank you to our new partners: Sequoia Capital, HashKey, Breyer Capital, Signum Capital, Longling Capital, SNZ, individual investor Mr. Liang Xinjun, and continuing investor IDG Capital. Looking forward to advancing towards a new milestone with imToken together, witnessing the changes that blockchain technology brings to the world.

The world has been quietly changing, until the pandemic of 2020, which suddenly altered people's work and lifestyles, accelerating the digitization process of humanity. It also made people more deeply feel the importance of technology, including biotechnology, cybersecurity, remote collaboration, e-commerce logistics, autonomous driving, space exploration, fintech, and more.

imToken's mission is to help everyone protect their rights through blockchain technology: ownership of digital assets, privacy of personal data, and the freedom to enjoy financial services.

With over four years of development, imToken has provided secure and reliable digital asset management services to over 12 million users worldwide. The total value of managed digital assets has reached as high as $50 billion, with a cumulative transaction value exceeding $500 billion. In addition, we have established imToken Ventures to invest in or incubate early-stage blockchain projects. We have internally incubated the hardware wallet imKey and the decentralized trading protocol Tokenlon, allowing imToken users to seamlessly store digital assets with secure chips and easily complete transactions and exchanges within the wallet. Tokenlon's cumulative trading volume has exceeded $10 billion.

imToken has become an important gateway to the blockchain ecosystem, and I am proud of the achievements the team has made.

The inevitable digitization of humanity heralds enormous market opportunities in the digital economy. With the development of typical digital wallets like Alipay and WeChat over the past decade, their user base and transaction volume have surpassed traditional banks. The convenience and low cost of mobile phones have allowed more people to enjoy digital services. As digital currencies and blockchain technology mature, we see various countries and financial institutions beginning to embrace this new technology. Blockchain technology will be the cornerstone of the future digital economy, creating a digital society of democratization and financial freedom, with encrypted digital wallets as the essential tool for individuals to enter the digital world.

However, mainstream adoption of encrypted digital wallets still faces many challenges: user understanding and experience issues, secure storage of private keys, network performance, and cost issues. We will address these challenges in imToken 3.0, making the imToken wallet the gateway connecting tens of millions of users and the open blockchain network ecosystem.

The new round of financing will be used to advance the development of the next-generation product imToken 3.0. 3.0 will design a new private key management mechanism that allows users to be unaware of their private keys under secure protection; a unified identity account system that eliminates differences between different networks; and a change in the integration of financial services to allow users to participate simply. The goal of imToken 3.0 is to fundamentally improve the interaction between users and the blockchain, enabling blockchain technology and open financial services to reach a wider user base.

In addition, this round of financing will also be used to expand the team. We are recruiting research, product, marketing, and operations talents globally and establishing the blockchain technology research institute imToken Labs to explore cutting-edge technologies applied to blockchain, research and develop new products and services, and drive the goal of serving a global user base of billions with imToken.

If you are interested in what we are doing, please click "Read Original" to view our recruitment information.

Welcome to join us in building an open and inclusive new generation of financial infrastructure.

imToken CEO
Ben
March 31, 2021