Phantom Wallet raises $150 million at $3 billion valuation
Quick Take Phantom Wallet has raised $150 million at a $3 billion valuation. Sequoia and Paradigm led the Series C round, with a16z and Variant also participating.
Phantom Wallet has raised $150 million and secured a $3 billion valuation, it said in a statement . Venture capital firms Sequoia Capital and Paradigm led the Series C funding round, which also included a16z and Variant.
Co-founder and CEO Brandon Millman said, "The wallet’s rise in popularity shows that there’s a 'broader trend' in which more people are buying crypto directly with their digital wallets instead of using Coinbase Global Inc.’s exchange and other centralized platforms," according to Bloomberg .
The company said it has 15 million monthly active users and $25 billion in self-custody assets. In November, the crypto wallet app placed ninth among the top free iPhone apps.
"With these new resources, we plan on making bigger bets to accelerate crypto adoption and become the world’s biggest and most-trusted consumer finance platform," the company said, noting that Phantom Wallet "has become the most dominant crypto wallet in the world, thanks in large part to Solana."
Phantom Wallet's funding round appears to so far be the biggest of 2025 in crypto. Sygnum Bank announced this week it had raised $58 million in a strategic growth round.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SEC says liquid staking and tokens are NOT securities; no registration needed
Share link:In this post: The SEC clarified that certain liquid staking activities in cryptocurrency do not qualify as securities offerings, providing clearer guidance on digital asset regulation. Under SEC Chair Paul Atkins, the agency is adopting a more proactive approach to cryptocurrency regulation, away from the previous “regulation by enforcement” regime. While many now praise the SEC under Atkins for its pro-crypto stance, the agency is effectively divided, with one faction in support of Gary Gensler
OpenAI releases GPT-OSS, its first open-source AI model
Share link:In this post: OpenAI released two open-weight models, gpt-oss-120b and gpt-oss-20b, for public use. The models are downloadable under Apache 2.0 and run on platforms like GitHub, Hugging Face, and LM Studio. OpenAI filtered sensitive data and tested against malicious fine-tuning before release.
New Zealand jobless rate hits 5-year high as economic slowdown deepens
Share link:In this post: New Zealand’s jobless rate rose from 5.1% in Q1 to 5.2% in Q2 2025, marking the highest level since Q3 2020. Total employment declined by 0.1% quarter-on-quarter, matching forecasts, and by 0.9% compared to last year’s quarter. Despite the annual slowdown, wages rose 0.6% over the quarter, and average hourly earnings jumped 1.9%.
Trending news
MoreCrypto prices
More
