CoinList
72 employees on LinkedIn Β· 11 known investors
CoinList operates a platform for token sales, pre-IPO stocks, equities, and funds, serving as infrastructure for financial markets and payments onchain. The platform provides institutional-grade tools for trading and investing in multiple asset classes including cryptocurrencies, company shares, real estate, commodities, and private credit.
Also known as CoinList
Founders & leadership
Investors Β· 11
Company profile
researched Aug 2026CoinList operates an online investment platform through which users can access token sales from crypto networks and protocols before exchange listing, tokenized equities including pre-IPO company shares, onchain investment funds and vaults with automated distributions, and real-world assets such as treasuries, real estate, private credit and commodities. The company positions itself as providing institutional-grade platforms, assets and infrastructure for bringing financial markets and payments onchain, and requires full KYC verification for participation in offerings.
Alongside its consumer-facing marketplace, CoinList makes its underlying infrastructure available to other platforms under the Passage brand. Secondary profile data describes the platform as also supporting spot trading, buying and selling of crypto, asset swaps, wallet management, fiat and crypto deposits and withdrawals, staking programs and access via web, iOS and Android, with security features including two-factor authentication, passkeys and identity verification. In November 2025 the company said it was moving to a fully non-custodial model, ending its holding of customer crypto, with non-custodial wallets to be offered in partnership with Privy, and said it would offer ICOs and asset tokenization onchain.
Business model
CoinList runs a two-sided marketplace: blockchain projects and issuers use the platform to conduct compliant token sales and distributions and to reach a global investor base, while verified retail and institutional investors gain early access to token offerings and other onchain asset classes. The company also licenses or exposes its underlying infrastructure to third-party platforms through Passage.
Traction
The company reports $1.2B+ raised on the platform, 12M+ verified investors and 85+ completed raises. Recent sales listed on its site include CHIP and Flying Tulip (Feb 2026), Zama (Jan 2026), Rainbow and Aztec (Dec 2025), Reya and Immunefi (Nov 2025), 375ai (Oct 2025), and TEA and Intuition (Sep 2025). Individual deal figures shown include a March 2020 sale that raised $1.76M with a 1,334.76x all-time-high ROI, a May 2022 sale that raised $10M with a 38.80x ATH ROI, and a December 2025 sale that raised $4.5M with an average purchase size of $7,313.
Latest developments
In November 2025 CoinList announced it was going fully non-custodial and would no longer hold crypto for customers, citing customer preference for onchain activity and wallet control; CEO Raghav Gulati said the company would focus on deal access, timely token delivery and user wallet control, with non-custodial wallets planned in partnership with Privy and plans to offer ICOs and asset tokenization onchain. The company's site advertises tokenized IPOs and follow-on offerings from U.S. public companies coming in Q2 2026 in partnership with Superstate Opening Bell, with a waitlist open.
βΈFull profile β market position, technology, go-to-market, geography, history
Market position
CoinList describes itself as having eight years of raising capital for companies, with more than $1.2 billion raised on the platform, over 12 million verified investors and more than 85 completed raises. Projects associated with sales or distributions on the platform include Solana, Filecoin, NEAR Protocol, Ondo Finance, WalletConnect, DoubleZero, Aztec, Immunefi, Rainbow, Reya, Zama, Flying Tulip, 375ai, TEA and Intuition. Third-party profiles categorize it as a centralized exchange and token launchpad.
Technology
An onchain investing platform covering token sales, tokenized equities, funds and vaults with automated distributions, and tokenized real-world assets, accessible via web and iOS/Android apps. Security and compliance features include KYC identity verification, two-factor authentication, passkeys and encrypted transactions. The company is shifting to non-custodial wallet infrastructure in partnership with Privy, and offers its infrastructure stack to other platforms via Passage.
Go-to-market
Direct-to-investor sign-up on coinlist.co, with deal flow driven by high-profile token sales from crypto networks; issuer-side acquisition of projects seeking compliant token distribution; a waitlist-based launch for tokenized IPOs in partnership with Superstate Opening Bell; and infrastructure distribution through Passage.
KYC-verified retail and institutional investors seeking early access to crypto token offerings, tokenized equities, funds and real-world assets; and blockchain projects and issuers seeking to raise capital and distribute tokens.
Geography
Headquarters listed in San Francisco, California, United States, serving a global investor community with English as the official platform language and region-specific support based on jurisdiction.
History
Third-party profile data places CoinList's launch in January 2017, with co-founders Andy Bromberg, Graham Jenkin, Joshua Slayton, Paul Menchov and Brian Tubergen. The company's site references eight years of raising capital for companies. Notable early activity includes a Filecoin SAFT sale, a Solana community sale in March 2020 and an Ondo Finance token sale in May 2022. Leadership references include Raghav Gulati as CEO in November 2025 coverage, while a third-party profile lists Scott Keto as Chief Executive Officer and President and Felicity Lewis as General Counsel and Board Secretary.
Compiled by commissioned research from 3 cited public sources β announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed β not independently audited.
Competitors Β· 8
by search overlap
Companies competing with CoinList for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline Β· 11
launches, deals, and filingsCoinList lists token sales for CHIP and Flying Tulip (FT) in February 2026.
CoinList announced a partnership with Superstate Opening Bell to offer tokenized IPOs and follow-on offerings from U.S. public companies, with a waitlist open and launch stated for Q2 2026.
CoinList's site shows a December 2025 deal that raised $4.5M with an average purchase size of $7,313.
$4.5M source β
Rainbow (RNBW) and Aztec (AZTEC) token sales listed on CoinList in December 2025.
CoinList said it would stop holding crypto for customers and go fully non-custodial, planning to offer non-custodial wallets in partnership with Privy and to offer ICOs and asset tokenization onchain. CEO Raghav Gulati said customers wanted deal access, timely token delivery and full control of their wallets.
Reya (REYA) and Immunefi (IMU) token sales listed on CoinList in November 2025.
TEA and Intuition (TRUST) token sales listed on CoinList in September 2025.
Ondo Finance (ONDO) hosted its token sale on CoinList in May 2022. CoinList's site shows a May 2022 deal that raised $10M with a 38.80x all-time-high ROI.
$10M source β
Solana (SOL) completed a community sale on CoinList in March 2020. CoinList's site shows a March 2020 deal that raised $1.76M with a 1,334.76x all-time-high ROI.
$1.8M source β
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
βΈResearch sources Β· 3
primary sources listed
- CoinList CeFi Seedcoinlist.co Β· web
3 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does CoinList do?
- CoinList is a platform for token sales, tokenized equities, pre-IPO stock, funds and real-world assets.
- Who founded CoinList?
- CoinList was founded by Brian Tubergen, Joshua Slayton.
- Who are CoinList's investors?
- CoinList's investors include Accomplice, Blockchain Capital, Collab+Currency, Digital Currency Group, Electric Capital, GSR, Kube VC, Maven Ventures and 3 more.