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

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

Cryptocurrency wallet provider Phantom has secured $9 million in Series A financing to launch a new multi-chain wallet designed to help decentralized finance (DeFi) users access decentralized applications (DApps) 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 (DEXs) and nonfungible token (NFT) platforms, explaining:

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“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.”

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