Based, a crypto company focused on building a consumer-first, on-chain trading and payments stack, announced that it has raised $11.5 million in a Series A funding round. The round was led by Pantera Capital, with additional participation from Wintermute Ventures, Coinbase, and Karatage. The investment marks a significant milestone for the company as it continues to expand its infrastructure to enable seamless crypto-native financial experiences for everyday users.
Based is developing what it describes as a best-in-class on-chain trading and payments platform designed to simplify access to digital assets and decentralized financial tools. By prioritizing user experience and accessibility, the company is positioning itself to bridge the gap between crypto-native systems and mainstream consumers seeking intuitive, secure, and efficient financial solutions.
The company said the new capital will be used to accelerate product development, enhance its technology stack, and bring new features to market. Based plans to continue refining its trading and payments infrastructure while expanding its capabilities to support a broader range of crypto-native use cases.
As digital asset adoption continues to grow, Based is focused on building infrastructure that supports everyday transactions and trading activity directly on-chain. The company’s mission is to empower individuals with tools that enable greater participation in decentralized finance without sacrificing usability.
With the backing of leading crypto-focused investors and industry participants, Based aims to strengthen its position within the evolving crypto ecosystem. The company indicated that additional product launches and updates are expected in the coming months as it advances its roadmap.
KEY QUOTES
“We are excited to share that we have raised $11.5 million in our Series A round led by Pantera Capital, with participation from Wintermute Ventures, Coinbase and Karatage. This milestone enables us to continue building the best in class, consumer-first, on-chain trading and payments stack and supports our mission to enable crypto-native finance for the everyday person. We are grateful to our investors, partners and users for their trust and guidance and look forward to sharing more updates on new product launches in the coming months.”
Based in a company announcement on LinkedIn
