About TrustToken
TrustToken is a company based in San Francisco (United States) founded in 2017 by Rafael Cosman and Danny An.. TrustToken has raised $32.5 million across 3 funding rounds from investors including BlockTower, FJ Labs and Foundation Capital. TrustToken has completed 1 acquisition, including EthWorks. TrustToken operates in a competitive market with competitors including Circle, Celo, MakerDAO, Origin Protocol and Reserve, among others.
- Headquarter San Francisco, United States
- Founders Rafael Cosman, Danny An
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$32.5 M (USD)
in 3 rounds
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Latest Funding Round
$12.5 M (USD), Series A
Aug 05, 2021
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Investors
BlockTower
& 12 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Funding Insights of TrustToken
TrustToken has successfully raised a total of $32.5M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $12.5 million completed in August 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $12.5M
- First Round First Round
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Series A - TrustToken | Valuation | BlockTower | |
| Jun, 2018 | Amount | Series A - TrustToken | Valuation | a16z , Jump Trading |
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| Jun, 2017 | Amount | Seed - TrustToken | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in TrustToken
TrustToken has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include BlockTower, FJ Labs and Foundation Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Cryptocurrency and digital asset investments are managed by the firm.
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Venture capital investments in technology and defense sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TrustToken
TrustToken has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include EthWorks. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Blockchain development services are provided by EthWorks in Poland.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - TrustToken
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Trusttoken Comparisons
Competitors of TrustToken
TrustToken operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Circle, Celo, MakerDAO, Origin Protocol and Reserve, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border cryptocurrency payments for businesses are enabled through APIs.
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| domain | founded_year | HQ Location |
Blockchain-based stablecoins are utilized for social payments and transfers.
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| domain | founded_year | HQ Location |
A collateral-backed stablecoin is issued on the Ethereum blockchain.
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| domain | founded_year | HQ Location |
A blockchain platform is provided for building decentralized marketplaces.
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| domain | founded_year | HQ Location |
A stablecoin and decentralized payment protocol are provided by Reserve.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Trusttoken
Frequently Asked Questions about TrustToken
When was TrustToken founded?
TrustToken was founded in 2017.
Where is TrustToken located?
TrustToken is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of TrustToken?
Rafael Cosman is the current CEO of TrustToken. They have also founded this company.
Is TrustToken a funded company?
TrustToken is a funded company, having raised a total of $32.5M across 3 funding rounds to date.
What does TrustToken do?
TrustToken was founded in 2017 in San Francisco, United States, within the blockchain and asset tokenization sector. A decentralized platform is provided to digitize physical assets and enhance their liquidity. Custom tokens are issued for individual assets, which can be rented, sold, or traded on exchanges. Fractional ownership of physical assets located worldwide is facilitated for investors through this system.
Who are the top competitors of TrustToken?
How many acquisitions has TrustToken made?
TrustToken has made 1 acquisition, including EthWorks.
Who are TrustToken's investors?
TrustToken has 13 investors. Key investors include BlockTower, FJ Labs, Foundation Capital, Andreessen Horowitz, and Alameda Research.
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