1Token

About 1Token

1Token, established in 2018 by founder and CEO Damon Xu, operates as a financial software provider for institutions navigating the digital asset market. The Hong Kong-based company delivers a comprehensive platform designed to manage front-to-back-office operations for both buy-side and sell-side participants in the cryptocurrency space. 1Token has secured $12 million in funding over two rounds, with the latest being a Series A round on June 1, 2022. Investors include firms such as Folius Ventures, Matrixport, Gate Ventures, and K3 Ventures.

The firm’s core business revolves around its all-in-one software that addresses the complex needs of crypto funds, fund of funds (FoFs), prime brokers, lenders, and fund administrators. The platform provides solutions for portfolio management, risk management, data reconciliation, and fund accounting. It caters to a global client base across Asia-Pacific, North America, and Europe, serving over 60 institutional clients. Revenue is generated through providing these software solutions, available as both SaaS and on-premise deployments, to institutional clients.

The product offers robust features for both CeFi (Centralized Finance) and DeFi (Decentralized Finance) ecosystems, supporting a wide range of assets including spots, futures, options, and fixed-income products across more than 20 blockchains and over 100 DeFi protocols. Key functionalities include real-time portfolio tracking, PnL calculation, NAV reporting, and trade reconciliation. For buy-side clients like hedge funds and family offices, the system offers institutional-grade portfolio management, while sell-side clients such as prime brokers and lenders can utilize loan and collateral management systems. The platform is designed to handle high-frequency trading scenarios and ensures data accuracy through meticulous reconciliation processes. To maintain security, 1Token regularly undergoes third-party penetration testing and is working towards SOC2 compliance.