Crypto wallet Phantom completed US$150 million in Series C financing at a US$3 billion valuation, with Sequoia Capital and Paradigm co-leading the investment

PANews reported on January 17 that the crypto wallet Phantom announced the completion of Series C financing of US$150 million, with a valuation of US$3 billion. The round was co-led by Sequoia Capital and Paradigm, with other investors also participating. It is reported that Phantom plans to use the new funds to accelerate the popularity of cryptocurrency and promote its transformation into the world's largest consumer financial platform.

Since its launch in 2021, Phantom has reached 15 million monthly active users, supports 85 billion on-chain transactions, and manages US$25 billion in self-custody assets. In 2024, Phantom will strengthen security and infrastructure through the acquisition of Bitski and Blowfish. In the future, Phantom will increase investment in social features and peer-to-peer payments to further simplify the user experience.