October 1, 2022

Coinshift has outlined a new roadmap with the goal of building the most sophisticated treasury system for Web 3.

Source: Coindesk.com
Source: Coindesk.com

Coinshift, a platform that offers treasury management for DAOs, has raised $15 million in a series A funding round led by Tiger Global, according to a press release.

Other investors include Sequoia Capital India, Alameda Ventures, Spartan Group, Ethereal Ventures, Alpha Wave Capital and Hash key Capital.

The company also announced its roadmap, in which Coinshift founder and CEO Tarun Gupta shared his “vision to build the most sophisticated multichain treasury infrastructure for Web 3.”

Currently, Coinshift manages $1.3 billion in assets and $80 million in payouts to companies like Consensys, Messari, Biconomy and Uniswap.

“With Coinshift’s version 1, our team has done an incredible job of building a sophisticated mass payouts platform. With our version 2, we are taking a massive leap forward to enable DAOs of any size, to manage their treasury.” Gupta added.