CoinList Seed

What CoinList Seed does

CoinList is a regulated onchain capital markets platform operated by Amalgamated Token Services Inc. and its wholly-owned subsidiaries (CoinList Services LLC and CoinList Community Services Ltd.), headquartered at 900 Kearny Street in San Francisco. Founded in 2017, the platform enables crypto projects to raise capital through compliant token sales and serves a 12M+ base of verified retail and accredited investors across global markets, with $1.2B+ raised across 85+ token offerings over eight years. Its product portfolio spans the CoinList Platform (token sales, tokenized equities, real world assets, and funds/vaults), the non-custodial Self-Custody Wallet (built with Privy), and Passage, a developer-facing infrastructure layer exposing APIs and React/TypeScript SDKs for embedded tokenized offerings. The platform supports multiple sale formats (FCFS, Filling from the Bottom, Dutch auction) and operates on Ethereum mainnet with multi-chain interoperability extending to Solana for tokenized equities.

Underlying technology centers on non-custodial onchain wallet infrastructure integrated with KYC/AML, accredited investor verification, and compliance tooling, with a Q2 2026 Superstate partnership adding SEC-approved transfer-agent recordkeeping for tokenized IPOs. The business model is transaction-based: CoinList charges fees for providing access to token sales and related technology, compliance, operational, administrative, integration, and distribution services, with fees payable by users, issuers, tokenization platforms, or distribution partners. Revenue mechanics also include distribution and token-issuance professional services through Passage. Distribution is primarily self-serve through coinlist.co, with developer distribution via Passage and embedded integrations through APIs/SDKs. The platform serves three primary customer segments: individual crypto investors (retail and accredited) seeking early-stage and tokenized-asset access; blockchain projects and protocols needing compliant issuance infrastructure; and, prospectively, U.S. public companies seeking natively tokenized equity issuance via the Superstate Opening Bell partnership.

Name

CoinList Seed

Legal name

Amalgamated Token Services Inc.

Website

https://coinlist.co

Company type

Private

Founded year

2017

Operating status

Operating

Short description

CoinList is a regulated onchain capital markets platform that has facilitated $1.2B+ across 85+ token sales to a 12M+ base of verified retail and accredited investors. It serves crypto projects raising capital via compliant KYC/AML and non-custodial wallet rails, with Passage infrastructure and a Q2 2026 tokenized-IPO product via Superstate.

Ownership category

akta.pro rank

Product category

Crypto Capital Markets Platform

NAICS

Securities and Commodity Exchanges (523210)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Finance Services (6199)

akta.pro primary industry

Infrastructure & Project Finance Tokenization (FSADAEAF)

akta.pro secondary industries

Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails) (FSAPAIAJ), Tokenized Collateral & On-Chain Credit Infrastructure (Collateral Mgmt, Liquidations) (FSAGAMAK)

Keywords

• Token sale platform
• Crypto capital markets
• Tokenized securities
• Onchain investment platform
• Digital asset issuance

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

1. Platform Fees from Token Sales: CoinList charges fees in connection with providing access to token sales, including related technology, compliance, operational, administrative, support, integration, and distribution services. Fees may be paid by users, issuers, tokenization platforms, distribution partners, or other third parties.
2. Token Distribution Services: Fees for distribution support and token issuance services through the Passage infrastructure.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

CoinList is an onchain capital markets platform that connects individual crypto investors with blockchain projects issuing tokens, tokenized equities, real-world assets, and funds. The platform supports multiple sale structures including token auctions, lotteries, and fixed-price sales, while handling KYC/AML compliance and distributing offerings through a non-custodial wallet infrastructure. It also offers Passage, an API/SDK infrastructure enabling third parties to embed token offerings directly into their own applications.

Product overview

CoinList is a unified platform for onchain capital markets offering multiple interconnected products. The core CoinList Platform provides access to token sales, tokenized equities, real world assets, and funds/vaults. Passage serves as the infrastructure layer providing APIs and SDKs for developers. The Self-Custody Wallet is the non-custodial wallet enabling users to hold assets onchain. The Superstate Opening Bell partnership (Q2 2026) extends offerings to tokenized IPOs from U.S. public companies. Together, these products create an end-to-end ecosystem from discovery through onchain ownership.

Differentiator

Problem solved

Functional benefit

Brands

• Passage by CoinList: Infrastructure layer for onchain capital markets, providing APIs and SDKs for embedding tokenized equity offerings in applications
• Superstate Opening Bell

Products and services

• CoinList Token Sales Platform

Quantifiable outcome

• 8 years of platform operations with $1.2B+ total raised
• +4 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability5 records

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• SuperstatecoreStrategic or Co-development Partner · 1 April 2026CoinList partners with Superstate to offer tokenized IPOs and follow-on offerings from U.S. public companies. CoinList handles KYC, onboarding, and eligibility while Superstate provides SEC-approved transfer agent recordkeeping for natively tokenized shares on Solana and Ethereum. The Superstate Opening Bell product is a key growth initiative scheduled for Q2 2026.
• PrivycoreTechnology or IntegrationPrivy provides the non-custodial wallet infrastructure embedded in CoinList. Users fully control their private keys through Privy's wallet technology, which CoinList integrates directly into the platform for holding supported crypto assets on chain.
• JAMSminorOthersCoinList's Terms of Service specify that disputes shall be arbitrated before JAMS (Judicial Arbitration and Mediation Services) in Manhattan, New York, USA.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Polkastarter: Polkastarter is a decentralized token sale and fundraising protocol. It is directly comparable to CoinList as a token launchpad, though it operates as a permissionless DEX-style platform rather than a centralized compliance-focused issuer onboarding platform.
• DAO Maker: DAO Maker is a token launchpad and fundraising platform that hosts public sales and IDOs for early-stage crypto projects. It is directly comparable to CoinList as a specialized launchpad competing for the same issuer mandates with KYC'd retail investor pools.
• Seedify.fund: Seedify is a community-driven launchpad for IDOs and IEOs in gaming, AI, and DeFi. It is directly comparable to CoinList as a token sale platform targeting early-stage crypto projects and their retail investor communities.

Emerging players

• Securitize: Securitize is a regulated platform for issuing and managing tokenized securities and digital assets. It is comparable to CoinList's Passage infrastructure and Superstate partnership because it focuses on compliant tokenized equity and fund issuance, though it is more issuance-focused and less retail-distribution oriented.

Broad incumbents

• Binance Launchpad: Binance Launchpad is the token sale platform of the largest global crypto exchange. It is comparable to CoinList because it offers token sale participation to a large verified user base, competing directly for issuer distribution and investor flow, though it sits inside a much broader exchange product portfolio.
• Bybit Launchpad: Bybit Launchpad is Bybit's token offering platform for new projects. It is comparable to CoinList because it provides vetted, KYC'd retail access to early-stage token sales and competes for the same issuer mandates globally.
• OKX Jumpstart: OKX Jumpstart is the token launchpad of OKX, one of the largest global crypto exchanges. It is comparable to CoinList because it provides vetted token sale access to a verified retail user base and competes for the same issuer mandates and deal flow.
• KuCoin Spotlight: KuCoin Spotlight is KuCoin's token sale platform offering early-stage project access to its user base. It competes directly with CoinList for issuer distribution and is comparable in offering token sale participation with KYC'd retail investors.

Others

• Circle: Circle is the issuer of USDC, the stablecoin most frequently used to fund token sales on CoinList. It is adjacent comparable infrastructure for CoinList's ecosystem since Circle's stablecoin rails are a primary funding instrument for CoinList's user transactions and RWA offerings.
• Privy: Privy provides embedded non-custodial wallet infrastructure that powers CoinList's Self-Custody Wallet. It is an enabling technology peer because the wallet UX and private key management depend directly on Privy, and any limitations or improvements there directly affect CoinList's user experience.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/coinlist

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments6 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CoinList Seed