CoinDCX Expands Okto Ecosystem with New Blockchain, Token, and $245M Backing

May 14, 2024, 07:37 AM

Prominent Indian crypto exchange CoinDCX has expanded its Okto wallet program into an Okto ecosystem, providing users with a single-click mobile experience in Web3. CoinDCX also introduced the Okto Chain to streamline development processes across multiple ecosystems and offer mobile-native experiences. Additionally, Okto will launch a blockchain and OKTO token. The orchestration layer aims to simplify Web3 and onboard the next 100 million users. The initiative has raised $245 million and is backed by Pantera, Polychain Capital, and Coinbase. The points program is live, and the whitepaper has been released.