Cryptocurrency Wallet Startup imToken Completes $30M Series B Funding Round

• The round was led by Qiming Venture Partners, with returning investor IDG Capital also participating along with new investors Signum Capital, HashKey and Breyer Capital.
• imToken has over 12 million users and over $50 billion in assets are managed on its platform, the announcement Wednesday said.
• The Singapore-based company offers a non-custodial wallet and a hardware wallet and claims to be Asia’s largest crypto wallet provider.
• The capital raised will be used to develop “imToken 3.0”, a suite of services including keyless accounts and account recovery and which provides access to decentralized finance (DeFi) services.
• The funding will also be invested in expanding the company’s recruitment efforts and building a research arm called imToken Labs.

See also: PureStake Raises $6M From BINANCE Labs, COINBASE Ventures