imToken, which claims to be the world's largest Ethereum wallet, will focus on expanding in Asia and the United States after raising a $ 10 million A-series from IDG Capital, announced today. The capital will also be used to add new features, including support for Bitcoin, EOS and other blockchains.

imToken is the latest addition to IDG Capital's cryptocurrency investments, which include Coinbase and Circle. In a press release, IDG Capital's partner, Young Guo, said: "imToken has developed its product into one of the best crypto asset portfolios in the world with such a reputation. believe that it will become an important infrastructure for the tokenization manifesto, benefiting both the crypto economy and blockchain technology.We are delighted to return imToken. "

Founded in 2016 by Ben He CEO based in Hangzhou, imToken's main market is currently China. The company supports 30,000 tokens, claims more than 4 million active users a month and claims to have processed $ 35 million in pass-through transactions last year.

He tells TechCrunch that the company will use its new capital to study local regulations and launch imToken 2.0 international into new markets. It will focus first on Southeast Asia before turning to other Asian countries, such as Korea, Japan and India, where "regulations are maturing quickly. and we are therefore doing all due diligence by local governments. "

Then imToken will focus on the countries of Africa, including Nigeria, where they already have a base of users. Its expansion in the United States will be at the same time as the international deployment.

In addition to the imToken portfolio, the company's services also include Tokenlon, an integrated decentralized exchange partnered with Kyber Network and 0x, and DApp store, a market for decentralized mobile applications.

In its new markets, particularly in the United States, ImToken will face several established competitors, including digital services MyEtherWallet, Coinbase and Ledger Nano, as well as a host of hardware portfolios. He is optimistic about the competition, claiming that the goal of all blockchain companies is to advance technology and that ImToken has established positive relationships with its competitors.

He adds that the advantage of imToken, however, is "to go further than our competitors because we focus on building an imToken ecosystem for all our users . " The company wants to "move to a blockchain-agnostic stage", which means that users will be able to store different assets in one of the imToken portfolios.Then it wants to reduce the barrier to entry into blockchain technology by facilitating resource management across multiple platforms, including peer-to-peer transactions and merchant payments, with imToken 2.0 International.