<p>Token sales platform CoinList has raised $10 million in a new funding round, with backing from Twitter CEO Jack Dorsey.</p> <p>The round was led by venture firm Polychain Capital, according to a<a href="https://www.wsj.com/articles/bitcoin-advocate-jack-dorsey-backs-crypto-startup-coinlist-11572418802"> report</a> from the Wall Street Journal on Wednesday. With the new capital in place, CoinList is planning to launch a cryptocurrency exchange, CoinList Trade, and a cryptocurrency wallet, among other services.</p> <p>“Crypto needs a trustworthy platform for launching new projects. CoinList leads the industry in that role, and trading is a logical next step,” said Dorsey, who has been a vocal bitcoin advocate.<br /> <br /> Dorsey also serves as the CEO of payments company Square Inc., which <a href="https://www.theblockcrypto.com/linked/40316/square-crypto-hires-three-new-team-members-completing-its-inaugural-developer-team">launched</a> a separate cryptocurrency unit, Square Crypto, earlier this year. Square Crypto <a href="https://medium.com/@squarecrypto/designing-bitcoin-for-everyone-e6626c592c2">wants to design</a> bitcoin for all so that the cryptocurrency eventually becomes a daily-use currency for masses. <br /> <br /> CoinList co-founder and president, Andy Bromberg, recently appeared on <a href="https://www.theblockcrypto.com/post/34231/andy-bromberg-coinlist">The Block’s podcast</a>, The Scoop, and said that more traditional assets will be tokenized, although “it’s way further out than people are giving it credit for at that time.”</p>