Press "Enter" to skip to content

Decentralized Exchange Startup 0x Raised $775K in SAFT Sale Last Year

0
(0)

This article has been updated to amend the inaccurate information.


Decentralized exchange protocol developer 0x raised $775,000 last year through a Simple Agreement for Future Tokens (SAFT) sale.

A Form D filing with the U.S. Securities and Exchange Commission from April 3 reveals that 22 investors participated in the sale.

Previously, the company said that it raised an undisclosed amount from various venture firms, including Polychain Capital, Blockchain Capital, Pantera Capital, Jen Advisors and FBG Capital. The filing represents the first time that the actual amount raised and the precise number of investors have been disclosed.

The startup garneredĀ $24 millionĀ in an initial coin offering (ICO) the company completed last August. At the time, 12,000 backers invested in the startup.

0x’s over-the-counter platform is aimed at enabling the exchange of different ERC20 tokens across varying networks, as previously reported. The platform was first released for testing in May 2017.

At the time, founder Will Warren said the startup would not provide a real-time public order book, instead focusing on the creation of open-source tools so that other startups could build their own decentralized exchanges.

To that end, the non-profit startup also developed several infrastructure tools, as previously reported. Warren told that he believed “the quickest path towards realizing our vision is by developing free tools that massively lower the barrier to entry for new for-profit exchanges and their respective markets.”

Data table image via Shutterstock


The leader in blockchain news, is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. is an independent operating subsidiary of HedgeCulture Group, which invests in cryptocurrencies and blockchain startups.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *