Twitter CEO Backs $10M Funding Round for Token Sales Platform CoinList

Token sales platform CoinList has secured $10 million in another funding round, with support from Twitter CEO Jack Dorsey.

The round was led by VC firm Polychain Capital, as per a report from the Wall Street Journal on October 30. With the new capital set up, CoinList intends to introduce a digital currency exchange, CoinList Trade, and a crypto asset wallet, among different services.

“Crypto needs a trustworthy platform for launching new projects. CoinList leads the industry in that role, and trading is a logical next step,” stated Dorsey, who has been a vocal bitcoin supporter.

Dorsey likewise fills in as the CEO of payments company Square Inc., which established a different digital currency unit, Square Crypto, earlier this year. Square Crypto intends to structure bitcoin for all, so the digital currency inevitably turns into everyday money for masses.

Andy Bromberg, co-founder and president of CoinList, recently said more conventional assets would be tokenized, in spite of the fact that “it’s way further out than people are giving it credit for at that time.”