Phantom, Solana’s leading wallet, raises 23 billion yen from Sequoia, A16Z, and others at a valuation of 460 billion yen.

Phantom, the primary crypto wallet for the Solana blockchain, has successfully raised $150 million in its Series C funding round, valuing the company at an impressive $3 billion (approximately 460 billion yen). The funding round was led by notable investment firms Sequoia Capital and Paradigm, with additional participation from a16z and Valiant.

Co-founder and CEO Brandon Millman highlighted the growing popularity of crypto wallets, explaining that this reflects a broader trend of individuals opting to purchase cryptocurrencies directly through decentralized wallets rather than relying on centralized exchanges. This marks a significant shift within the crypto ecosystem, as more users seek secure and user-friendly tools to manage their digital assets.