New York based company that connects investors to crypto projects raised $10 million in funding led by Polychain Capital, and joined by investors including Jack Dorsey.
Launching in May 2017, CoinList helps firms navigate regulatory rules concerning initial coin offerings (ICOs), a popular capital acquisition vehicle for emerging projects. Projects Blockstack, Algorand, Filecoin and Dfinity have all leveraged the firm for token offerings and distributions. CoinList’s exchange is initially operating in 38 states and some international jurisdictions with support for cryptocurrencies bitcoin (BTC), ether (ETH), algorand (ALGO) and USD Coin (USDC). ICOs continue to be a prime target for the U.S. Securities and Exchange Commission (SEC). Earlier this month, messaging platform Telegram’s token distribution was held up following an emergency restraining order by the regulator over the firm’s $1.4 billion offering. The SEC and Telegram are set to go to court over the token issuance Feb. 18–19.