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How 1Token CEO Damon Xu grew to $11M revenue with a 100 person team in 2023.

1Token software supports all crypto assets in CeFi & DeFi, including spots, futures, options, fixed/variable income products, SAFT, POW/POS mining, staking/yield farming, NFT etc., and traditional assets. Our institutional clients spread across verticals of crypto-finance, including buy-side like AM, fund/FoF/MoM, foundation/exchange treasury, fund admin, audit etc., and sell-side like lending, margin trading, prime&retail brokerage, spot&derivative OTC etc. For each business vertical, we provide solutions that support front-to-back office technology in sales&trading, portfolio&risk management, accounting, clearing&settlement etc., and usage for sales/trading/risk/operation/finance teams. Today, 1Token serves 40+ large global institutions, with top profiles like Algorand Foundation, Amber Group, Animoca Brands, FBG Capital, Matrixport, Metalpha, Pintu, Zipmex, and 4 of Top 7 CMC exchanges etc., which in total exceed $20+ bn asset managed.

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1Token Revenue

In 2023, 1Token's revenue reached $11M. Since its launch in 2018, 1Token has shown consistent revenue growth.

1Token Revenue GrowthReported revenue / ARR over time$0$3M$5M$8M$10M$13M201820192020202120222023$0$11MSource: GetLatka.com
YearMilestoneQuote
20231Token Hit $11m revenue in July 2023
2018Launched with $0 revenue

1Token Valuation, Funding Rounds

1Token has not publicly disclosed its valuation. The company has raised $12M in total funding to date.

1Token has raised $12M in total funding across 1 round, most recently a $12M Series A round in 2022.

1Token Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$3M$6M$9M$12M$15M201820192020202120222018 cumulative: $0 • 2018 Founded: $02022 cumulative: $12M • 2018 Founded: $0 • 2022 Series A: $12M$12M2018 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% SoldQuote
2022Series A$12M--

Founder / CEO

Damon Xu

Damon Xu is listed as Founder / CEO at 1Token.

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Customers

We do not have customer count information for 1Token yet.

1Token Employees & Team Size

1Token employs approximately 100 people as of 2026.

1Token Team GrowthReported headcount over time025507510012520182019202020212022202300100100Source: GetLatka.com
YearMilestone
2023Reached 100 employees (July 2023)

Frequently Asked Questions about 1Token

What is 1Token's revenue?

1Token generates $11M in revenue.

Who founded 1Token?

1Token was founded by Damon Xu.

Who is the CEO of 1Token?

The CEO of 1Token is Damon Xu.

How much funding does 1Token have?

1Token raised $12M.

How many employees does 1Token have?

1Token has 100 employees.

Where is 1Token headquarters?

1Token is headquartered in Bengaluru, Karnataka, India.

Compare 1Token to the industry

1Token operates across multiple industries. Browse revenue, funding, and growth data for 1Token in each sector below.

Data and Sources

All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.

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1Token Revenue 2023: $11M ARR, $12M Raised