Monday, October 15, 2018
TokenInsight, an independent, third-party data analytics organization committed to providing accurate data and objective ratings on companies developing in the blockchain industry announced it has secured a multi-million-dollar investment in Series A financing.
Led by Matrix Partners, the round of funding includes Draper Dragon, Fenbushi Capital, and existing seed investor Susquehanna International Group Capital (SIG).
The funds will be used to drive TokenInsight operations overseers, expand its internal database and algorithm systems, and improve dynamic rating and report services. In conjunction with this current investment round, Matrix Partners China and Susquehanna Capital have joined the TokenInsight Board of Directors.
Currently with more than 600 tokens and published over 250 risk assessment reports for token companies, TokenInsight will continue to offer its open-sourced cryptocurrency ratings and research, token rating API integration, ETFs, and index products to cryptocurrency exchanges, mobile applications, investment funds, news media and more. By automating these processes, TokenInsight seeks to build an independent cryptocurrency rating standard and is making token project data more user-friendly and practical for all.
Having recently established cooperation with, and Binance, the largest exchange in the world, TokenInsight plans to strategically cooperate with numerous other cryptocurrency exchanges to improve token research due diligence, token rating reports, API integration, ETFs, and index products. Furthermore, TokenInsight works closely with traditional news agencies, blockchain media, and cryptocurrency mobile applications aiming to build an accessible and insightful platform for the public.
“This is absolutely one giant leap in the process of upscaling our services and enhancing transparency of the blockchain marketplace. We’ve never been more profoundly convinced that TokenInsight is capable of dealing with the ups and downs along the road and explore our unique path in this rapidly growing industry. We look forward to expanding our influence worldwide in the near future.”