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CoinList raises $9.2 million to expand its ICO services

Illustration: Rebecca Zisser / Axios

CoinList, a provider of financial services for staging and managing initial coin offerings (ICOs), has raised $9.2 million in new equity financing. Investors include token-focused funds like Polychain Capital, Blockchain Capital, and FBG Capital.

Why it matters: The past year has seen a boom in digital tokens and initial coin offerings. Though that's slowing down a bit, tokens are not going away. CoinList, which spun out of AngelList last year, is also well-positioned to cash in on the new trend as regulators begin to clamp down on fraudsters: one of the services it provides is helping with legal compliance.

Investors: Additional investors include Digital Currency Group, Libertus Capital, CoinFund, Electric Capital, Accomplice, and Protocol Labs (which help launch CoinList last year with its own ICO).