EasyA hits $1.1 billion valuation, targets 2027 public listing and tokenized shares
In this news:
Key takeaways
- EasyA reached a valuation of $1.1 billion confirmed by an independent third party.
- The company plans to execute a direct public listing by the year 2027.
- EasyA intends to make its shares available in tokenized form on its public debut.
“Given we are going public, and we're going public via a direct listing, that means that we of course need to have an independent valuation,” Phil Kwok said. He explained that the $1.1 billion figure was determined by a third party using audited financial statements, operating performance, growth plans and comparisons with publicly traded companies.
EasyA says its app has more than 1.3 million users, ranging from software developers to people using AI tools to create applications. It works with companies including Ripple and Solana, helping them introduce their technology to developers through educational programs and hackathons.
Roadmap to tokenized shares
The company also wants its shares to be available in tokenized form, potentially from the first day of public trading.
“That's definitely on the roadmap,” Dominic Kwok, EasyA's co-founder and chief operating officer, said of the tokenization plans.
Tokenized equities are gaining attention from major financial firms. Robinhood built a blockchain for tokenized stocks, while analysts expect the SEC's work on tokenized securities to open opportunities for brokers, custodians and blockchain infrastructure providers. EasyA has yet to disclose how its proposed tokenized shares would be issued or traded.
EasyA is also expanding beyond its developer community through EasyA Labs, which is working on tokenization projects and applications involving AI agents.
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