Mark Cuban, 500 Global Participate in Blocto Wallet Series A Funding
Wednesday,22/02/2023|14:01GMTby
FM
Blocto's success reflects its commitment to being a key blockchain company in the industry
Image source: Mark Cuban. Getty Images
Blocto Wallet, a cross-chain wallet application and multi-chain Web3 ecosystem, has raised an undisclosed amount in Series A financing round, with investor Mark Cuban and venture capital firm 500 Global involved.
Global character brand IPX (formerly Line Friends) joined Cuban and 500 Global in the investment. Other previous Blocto investors and advisors Kevin Chou of Gen. G Esport, Roham Garegozlou, CEO of Dapper Labs, blockchain gaming giant Animoca Brands, and other notable names.
Blocto’s parent company portto reports user metrics continue to surge despite the extended downturn in the cryptocurrency markets. As of November 2022, Blocto had amassed 1.6 million users, and BloctoBay had become the most popular non-custodial non fungible token (NFT) marketplace on the Flow blockchain.
Blocto's success reflects its commitment to being one of the most influential blockchain companies in the industry, said Tony Wang, a managing partner at 500 Global. The continuous growth of Blocto users in the current environment is indicative of portto's vision and dedication to build towards achieving it, Wang said.
The investment round comes as Blocto aims to make blockchain technology more accessible and promote Web3 mass adoption with its multi-chain wallet and software development kit (SDK). The funds will support the company in its plans to onboard millions of users to crypto.
“Blocto's mission is to democratize access to the opportunities blockchain tech presents by creating simple-yet-powerful products that provide the same great UX across multiple blockchain ecosystems. We're thrilled to have attracted funding from investors that share our vision. With their support, we're better equipped than ever to onboard the next billion users to crypto," said Hsuan Lee, portto's co-founder and chief executive officer (CEO).
Blocto Wallet targets new crypto users
The Blocto Wallet enables users to manage their cryptocurrencies, decentralized applications (dApps), and NFTs all-in-one.
The wallet natively supports the Ethereum, Aptos, Solana, Flow, BNB Chain, Polygon, and Tron blockchains, and the company intends to expand into supporting promising new blockchain networks in the future. When Blocto expanded the wallet to the Aptos ecosystem it quickly became the second largest wallet on the network with more than 400,000 users.
Blocto aims to tackle the typical obstacles that new users who are unfamiliar with blockchain technologies encounter. It has simplified the often-confusing cryptographic key system that facilitates on-chain transactions. It has also designed an intuitive, blockchain-agnostic system for gas fees.
Blocto SDK simplifies onboarding
Blocto's software development kit (SDK) is designed to increase user acquisition in the Web3 ecosystem by strengthening cross-platform expansion. A 95% conversion rate (20x the industry standard), a less-than-30-second email login process, and a freemium model that streamlines gas fees and transactions make the wallet an attractive option for developers.
Edwin Yen, portto's co-founder and chief operating officer said: "Although we can see the full potential of blockchain technology, the main key to mass adoption is an easy user onboarding experience — something that Blocto provides. This is also why big consumer-facing companies such as Yahoo, MotoGP Ignition, and Gogoro all choose Blocto as their exclusive partner to explore the Web3 world."
Blocto Wallet, a cross-chain wallet application and multi-chain Web3 ecosystem, has raised an undisclosed amount in Series A financing round, with investor Mark Cuban and venture capital firm 500 Global involved.
Global character brand IPX (formerly Line Friends) joined Cuban and 500 Global in the investment. Other previous Blocto investors and advisors Kevin Chou of Gen. G Esport, Roham Garegozlou, CEO of Dapper Labs, blockchain gaming giant Animoca Brands, and other notable names.
Blocto’s parent company portto reports user metrics continue to surge despite the extended downturn in the cryptocurrency markets. As of November 2022, Blocto had amassed 1.6 million users, and BloctoBay had become the most popular non-custodial non fungible token (NFT) marketplace on the Flow blockchain.
Blocto's success reflects its commitment to being one of the most influential blockchain companies in the industry, said Tony Wang, a managing partner at 500 Global. The continuous growth of Blocto users in the current environment is indicative of portto's vision and dedication to build towards achieving it, Wang said.
The investment round comes as Blocto aims to make blockchain technology more accessible and promote Web3 mass adoption with its multi-chain wallet and software development kit (SDK). The funds will support the company in its plans to onboard millions of users to crypto.
“Blocto's mission is to democratize access to the opportunities blockchain tech presents by creating simple-yet-powerful products that provide the same great UX across multiple blockchain ecosystems. We're thrilled to have attracted funding from investors that share our vision. With their support, we're better equipped than ever to onboard the next billion users to crypto," said Hsuan Lee, portto's co-founder and chief executive officer (CEO).
Blocto Wallet targets new crypto users
The Blocto Wallet enables users to manage their cryptocurrencies, decentralized applications (dApps), and NFTs all-in-one.
The wallet natively supports the Ethereum, Aptos, Solana, Flow, BNB Chain, Polygon, and Tron blockchains, and the company intends to expand into supporting promising new blockchain networks in the future. When Blocto expanded the wallet to the Aptos ecosystem it quickly became the second largest wallet on the network with more than 400,000 users.
Blocto aims to tackle the typical obstacles that new users who are unfamiliar with blockchain technologies encounter. It has simplified the often-confusing cryptographic key system that facilitates on-chain transactions. It has also designed an intuitive, blockchain-agnostic system for gas fees.
Blocto SDK simplifies onboarding
Blocto's software development kit (SDK) is designed to increase user acquisition in the Web3 ecosystem by strengthening cross-platform expansion. A 95% conversion rate (20x the industry standard), a less-than-30-second email login process, and a freemium model that streamlines gas fees and transactions make the wallet an attractive option for developers.
Edwin Yen, portto's co-founder and chief operating officer said: "Although we can see the full potential of blockchain technology, the main key to mass adoption is an easy user onboarding experience — something that Blocto provides. This is also why big consumer-facing companies such as Yahoo, MotoGP Ignition, and Gogoro all choose Blocto as their exclusive partner to explore the Web3 world."
IronFX Celebrates 15 Years of Creating Strong Partnerships
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Marketing in 2026 Audiences, Costs, and Smarter AI
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
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As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
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Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
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Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
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🎥 TikTok: / fmevents_official
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This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
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🎥 TikTok: / fmevents_official
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This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
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-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
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Mind The Gap: Can Retail Investors Save the UK Stock Market?
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As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
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-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
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🎥 TikTok: / fmevents_official
