Phantom, a leading digital asset wallet provider, has secured $150m in a Series C funding round at a $3bn valuation.
The round was co-led by Sequoia Capital and Paradigm, with participation from existing investors including a16z and Variant.
Founded in 2021, Phantom aims to make digital assets accessible and user-friendly. The platform offers a self-custody wallet that allows users to access millions of digital assets across multiple blockchains.
With features such as fast, low-cost transactions and a seamless user experience. The platform has grown to host a significant onchain user base, boasting 15 million monthly active users and $25bn in self-custody assets.
The new funding will be used to advance Phantom’s mission of transforming consumer finance by accelerating the adoption of digital assets. The company plans to expand its infrastructure, invest in strategic acquisitions, and introduce social discovery features to enhance peer-to-peer payments.
In 2024, Phantom acquired Bitski and Blowfish, which strengthened its wallet security and infrastructure. Future investments will focus on making the platform more intuitive and accessible to a broader audience.
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