HashKey, the blockchain investment affiliate of automotive components group Wanxiang, took part in a $30m series B round for Singapore-based blockchain technology developer ImToken yesterday.
Venture capital firm Qiming Venture Partners led the round, which included IDG Capital, Breyer Capital, Signum Capital, Longling Capital, SNZ and Liang Xinjun, co-founder of diversified conglomerate Fosun International.
ImToken has created a decentralised digital wallet that can safely store a variety of digital assets. The latest funding follows a $10m series A round led by IDG Capital in 2018.
He Bin, ImToken’s founder and CEO, said: “Beginning with our inception five years ago, we recognised the huge potential of blockchain technology – as well as the challenges faced by the industry with regards to a need for improved user experiences, secure key management and scalable network.
“With our investors’ support, we are well positioned to tackle these challenges and grow our platform beyond our wallets – bringing our trademark focus on ease-of-use to a wide range of decentralised services with a goal of serving over 100 million users in the next five years.”
