Leap raises $3.2 Mn in a token round

Leap, a non-custodial wallet for the Terra blockchain, has raised $3.2 million (around Rs 24 crore) in a token round led by blockchain-focused investment firm CoinFund and Pantera Capital. Arrington Capital, Accel, and Terraform Labs have also participated.

The funds will be used to expand the team, particularly in the areas of engineering and design, in addition to product development, Leap said in a press release.

Founded in November 2021 by Sanjeev Rao, Leap wallet allows users to store, send, stake, and swap tokens.

Leap also recently announced the launch of its iOS & Android apps. In addition to wallet features, the application will soon integrate non-fungible tokens (NFT), gaming, identity, social, commerce and interactive media experiences.

The startup’s most engineering and marketing employees are based in India and it is looking at scaling its team in the coming months.