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Phantom raises $9M to launch multi-chain crypto wallet


15 Jul 2021

#Bitcoin

Cryptocurrency wallet provider Phantom has secured $9 million in Series A financing to launch a new multi-chain wallet designed to help DeFi users access decentralized applications across multiple blockchains. The raise comes on the heels of a successful beta launch in April of this year that saw 40,000 new Phantom users. The company also secured $500,000 in grants from Serum and Solana during the beta phase.

Brandon Millman, Phantom’s co-founder and CEO, said his platform enables users to easily access decentralized exchanges and nonfungible token platforms, explaining: With the world moving into a multi-chain future, the strong interest from the participants in our beta group indicates that our team has designed a DeFi wallet for the masses, one that’s in a unique position to provide value to users unlike any other related product on the market.

Cryptocurrency wallets are the first point of contact for DeFi users, but the steep learning curve around their use may be impacting broader mainstream adoption. Phantom has prioritized simplicity in onboarding more wallet users. The Phantom application can be installed as a browser extension on Google Chrome, Microsoft Edge, Brave and Firefox.


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1 Bitcoin (BTC) BTC Bitcoin predictions 57.6% 88 $23 111.56 1.40% 2.46% $445 467 385 928 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 59.6% 85 $1 597.71 1.63% -3.12% $195 518 478 203 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94% 1 $1.000214 0% 0% $67 518 894 139 USDT 7 days price change
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5 USD Coin (USDC) USDC USD Coin predictions 94% 1 $0.999961 -0.01% 0.02% $43 079 802 564 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 61.6% 74 $0.411374 1.67% 0.42% $20 899 274 392 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 96% 1 $0.999970 -0.02% 0% $15 797 945 581 BUSD 7 days price change
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