Xverse, a Hong Kong-based Bitcoin Web3 wallet supporting Ordinals and BRC-20 inscriptions, raised a $5m seed funding round.
The round was led by Jump Crypto with participation from RockawayX, Sfermion, Alliance, NGC Ventures, V3ntures, Old Fashion Research, 2140 Bitcoin Ecosystem Fund, Bitcoin Frontier Fund, Newman Capital, Franklin Templeton, New Layer Capital, Miton C, Gossamer Capital, Daxos Capital, Sora Ventures, Tyhke Block Ventures, IOBC Capital, and Despread, as well as strategic angels such as Udi Wertheimer, 9gagceo, Pio, Ninos, Ninor Mansor, Larry Salibra, and businessman.eth.
The company intends to use the funds to accelerate advanced features around DeFi, Stacks, Lightning and other Bitcoin scalability solutions.
Led by Ken Liao, founder and CEO, Xverse is a Bitcoin wallet for Web3, providing first-class support for Ordinals, NFTs, DeFi and decentralized applications. With a wallet available on iOS, Android and desktop as a Chrome browser extension, Xverse lets users securely manage Bitcoin on layer 1 as well as layer 2 networks like Stacks, and soon, the Lightning Network.
The company recently announced support for Ledger hardware wallets offering cold-storage security options for Ordinals and BRC-20 tokens. So far, it has had over 350,000 downloads.
FinSMEs
14/08/2023