CoinList, a token sales platform has raised $10 million in a new funding round, with backing from Twitter CEO Jack Dorsey.
The round was led by venture firm Polychain Capital, according to a report from the Wall Street Journal on Wednesday. With the new capital in place, CoinList is planning to launch a cryptocurrency exchange, CoinList Trade, and a cryptocurrency wallet, among other services.
“Crypto needs a trustworthy platform for launching new projects. CoinList leads the industry in that role, and trading is a logical next step,” said Dorsey, who has been a vocal bitcoin advocate.
Dorsey also serves as the CEO of payments company Square Inc., which launched a separate cryptocurrency unit, Square Crypto, earlier this year. Square Crypto wants to design bitcoin for all so that the cryptocurrency eventually becomes a daily-use currency for masses.