ICYMI: Bitcoin wallet Xverse raises $5 million from Franklin Templeton and others
Jump Crypto led the round, with Franklin Templeton, Sfermion, Alliance, NGC Ventures and several others participating, Xverse said Thursday. The Hong Kong-based startup started raising for the seed round a few months ago and it closed"very recently," founder and CEO Ken Liao told The Block. He declined to comment on the structure of the round and valuation.
Xverse has been a bitcoin wallet from the beginning and recently started supporting ordinals inscriptions and BRC-20 tokens when they were introduced earlier this year and gained traction. Bitcoin ordinals is a method of generating non-fungible tokens on the Bitcoin blockchain through a process called inscribing. BRC-20 tokens, on the other hand, are basically Bitcoin's version of Ethereum's ERC-20 tokens.
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