PANews reported on January 23 that according to The Block, crypto wallet provider Keplr has completed a $5 million seed round of financing, led by 1confirmation, with participation from Coinbase Ventures, HashKey Capital, Chorus One Ventures, Skip Protocol, Binary Builders, etc. Co-founder Josh Lee said that the equity financing was completed at the end of last year, and Keplr was valued at $50 million.

With the new funds, Keplr plans to enhance its platform by hiring more people for its engineering and product development teams. The company plans to improve the user experience and expand support for EVM and non-EVM blockchains. Keplr has no plans to issue tokens. Lee said: "Before we start thinking about tokens, we need to develop a bigger picture in terms of connecting Keplr ownership, verifiability, and usability."