imToken, an Ethereum mobile wallet developed by Hangzhou-based startup ConsenLabs, has raised $10 million from IDG Capital in Series A funding. The startup said the new investment will support imToken’s expansion into global markets and development of new product features.

“We are very fortunate to have believed in Ethereum and to build our product revolving around the growth of the network. Today, our community of more than 200 nationalities cite security and ease of use of the application as one of the main reasons for using imToken,” said Ben He, CEO and founder of ConsenLabs.

Launched in 2016, imToken claims to be the largest and one of the fastest growing Ethereum digital asset wallets in the world. According to company figures, imToken services accounted for 10% of total daily transactions worldwide in 2017, totaling $35 billion in pass-through transactions.  The platform now has over 4 million monthly active users, including high-net-worth cryptocurrency holders in countries such as the US, China, Africa, Indonesia, and Korea.

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Nicole Jao

Nicole Jao is a reporter based in Beijing. She’s passionate about emerging trends, news, and stories of human interest within the world of technology. Connect with her on Twitter or via email: nicole.jao.iting@gmail.com.