$225 Million Raised in Wormhole Token Sales

Wormhole Foundation and Jump Crypto, successfully completed a series of private token sales generating in excess of $225 million in aggregate proceeds at a $2.5 billion valuation over the course of 2022 and concluding in January 2023. Prominent purchasers include Brevan Howard, Coinbase Ventures, Multicoin Capital, Jump Crypto, ParaFi, Dialectic, Borderless Capital, Arrington Capital, and more.

“We are grateful to have reached this milestone with the support of such a strong group of backers as we continue to deliver critical infrastructure for Web3,” said Dan Reecer, Wormhole Foundation's Chief Operating Officer. “We are ecstatic to bring more new and groundbreaking products to market as we head into next year, and look forward to continuing to support our ecosystem of developers who are building with our tools every day to expand their businesses and build great experiences for users.”

Robinson Burkey, the Wormhole Foundation’s Chief Commercial Officer, echoed this sentiment, saying, “I couldn’t be more excited about our position in the market and the opportunities for growth. We're laser-focused on bringing solutions to market that solve real problems for end-users and other ecosystem participants, and are on a mission to enable real-world impact from the Web3 space. If you’re interested in this mission, we encourage you to chat with us.”

The Wormhole Foundation has also announced the launch of Wormhole Labs, a core contributor to Wormhole. Wormhole Labs is an independent technology company that specializes in building products, tools, and reference implementations that help grow cross-chain activity and development.

"Three years ago, Wormhole was launched with the vision of a world resembling the one we see today, where the relentless expansion of blockchains is not a niche transient trend but an enduring transformation and Fortune 100 companies onboard both public and private blockchains. We reaffirmed our commitment to this vision by launching Wormhole Labs, dedicated to advancing the technology that makes efficient blockchain-to-blockchain communication possible," said Saeed Badreg, Co-founder and CEO of Wormhole Labs.

Since its launch in 2021, Wormhole has become mission critical infrastructure for many of the industry’s biggest blockchains and projects. Wormhole protocol users have relied on Wormhole messages to facilitate the transfer of over $35 billion in value, and the Wormhole protocol regularly processes over 2 million cross-chain messages across 30+ chains every day.

For more information about the Wormhole and its innovative solutions, visit www.wormhole.com. Follow Wormhole on X, join the Discord, or subscribe to the newsletter.

About Wormhole

Wormhole is the leading decentralized interoperability platform powering multi-chain applications and bridges. The platform provides developers access to liquidity and users on over 30 of the leading blockchain networks, enabling use cases that span DeFi, NFTs, governance, and more. The wider Wormhole network is trusted and used by teams like Circle and Uniswap, and to date, the platform has facilitated the transfer of over 35 billion dollars through over 800 million cross-chain messages.