AlphaWallet Receives $1.2 Million Through Pre Series-A Funding

Roxanne WilliamsAugust 5, 2019Last Updated: September 9, 2020

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The digital currency mobile wallet based on Ethereum blockchain popularly known as AlphaWallet has received USD 1.2 million through pre-series funding as per a report published on 5th August. The investors include some of the big names like HashKey, Fenbushi, and LongHash.

HashKey Capital is founded in Hong Kong, the firm has led the funding rounds. The firm is solely interested in the development of blockchain and digital asset industry. With the fund received, the company will develop a robust and dedicated wallet platform for its user.

The chief executive of HashKey Capital Deng Chao has said the AlphaWallet team has deep technical capabilities. And can solve interesting business glitches like a token utility in the real world. The mobile application of AlphaWallet and the token script will allow people to exploit more than just purchasing and selling of tokens. The team of HashKey Capital is delighted to join the pre series-A subsidy of the firm.

The AlphaWallet team is equally excited about its partners. They said their vision matches with their partner, and it is a natural fit. The fund and the investor will help them to take AlphaWallet to the next level.

In the present world still, many people find it challenging to use the blockchain product. The AlphaWallet has the vision to change this scenario. They are the innovator of the friendliest mobile wallet in the Ethereum ecosystem. The wallet can be downloaded both on Android and iOS. Presently they are at work with Tokenscript to make it easy going for the programmers to apply the smart contracts.

The AlphaWallet team has further said they want to establish the platform as a robust wallet to serve the growth of the ecosystem. And involve the next invasion of users for various ranges of growth like Defi, DAO, social application, and games. They said they have the vision to provide security, usability, and privacy.

The journey of AlphaWallet has started a year back, but since then, there was no looking back for the company as mobile adoption is growing for the wallets.