Monday, June 18, 2018

TrustToken Connects With $20M

San Francisco-based TrustToken, which is creating asset-based cryptocurrency "tokens", said Monday morning that it has raised $20M in a funding round. The funding came from Andreessen Horowitz, BlockTower Capital, Danhua Capital, and GGV Capital. According to TrustToken, it is building a platform to enable "asset-based tokens", which are backed by currencies, commodities, and real-world assets. The company's CEO is Danny An.