San Francisco-based non-custodial cryptocurrency exchange Evercoin today announced the completion of a $1 million pre-seed financing round. The round was led by gumi Cryptos Capital and included participation from a roster of prominent figures in the blockchain and open-source software worlds: Roger Ver, Founder and Executive Chairman of Bitcoin.com; Ross Mason, Founder of MuleSoft (acquired by Salesforce); Marc Fleury, Founder and CEO of JBoss Open Source (acquired by Red Hat); John Pigott, Founder and CEO of ABE Exchange; and Eman Pulis, Founder and CEO of the Malta Blockchain Summit.
A Stellar Investor Lineup Signals Industry Confidence
The diversity of the investor group highlights Evercoin’s appeal across different segments of the crypto and technology ecosystem. Roger Ver, often called “Bitcoin Jesus,” brings decades of advocacy for decentralized currency. Ross Mason’s track record in scaling enterprise software (MuleSoft reached a $6.5 billion acquisition by Salesforce) provides strategic insight into building a user-friendly yet robust platform. Marc Fleury’s open-source journey with JBoss offers lessons in community-driven development and enterprise adoption. Their collective expertise in regulatory navigation, product design, and market expansion will be invaluable as Evercoin scales.
Product Differentiator: True User Custody
Evercoin positions itself as a market-leading, mobile-first non-custodial wallet and exchange service for both fiat and cryptographic assets. The key differentiator is that users maintain full control of their private keys at all times: self-custody ensures the platform never possesses the keys, and secure key recovery mechanisms protect against loss without compromising privacy. The platform currently supports a wide range of assets, including Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), USD Coin (USDC), Litecoin (LTC), Ripple (XRP), Stellar (XLM), Cardano (ADA), Tron (TRX), Dash (DASH), Zcash (ZEC), Ethereum Classic (ETC), Bitcoin Gold (BTG), Qtum (QTUM), Decred (DCR), and Dogecoin (DOGE).
Users can also buy crypto directly with U.S. dollars by linking a bank account—a feature currently available in ten U.S. states with plans for nationwide rollout. Two trading modes are offered: instant exchange for immediate settlement, and non-custodial limit orders, where funds remain in the user’s wallet until the specified price is met. This hybrid model combines the convenience of centralized exchanges with the security of self-custody.
Team and Vision
Evercoin was founded by Talip Ozturk, creator of Hazelcast, a popular open-source in-memory distributed database used by major financial institutions worldwide. Ozturk’s background in high-performance distributed systems and his passion for open governance inspired him to enter the cryptocurrency space. “We are proud to welcome a set of extremely strategic investors into our seed round,” said Ozturk. “These investors represent a tremendous range and depth of experience and deep networks in open source software, Bitcoin, and regulatory issues for the cryptographic asset class.”
Ray Zhang, Managing Director at gumi Cryptos Capital, added: “Evercoin is a beautifully designed consumer user experience that provides all of the benefits of popular services like Coinbase. What gets us excited is that it’s the strongest product in the market for delivering those features without compromising on user custody, the most important issue for cryptographic assets.”
The mobile app is currently available on Android and iOS via evercoin.com. The fresh capital will be used to accelerate product development, expand fiat on-ramp coverage to additional U.S. states, and strengthen security and compliance infrastructure to meet evolving regulatory standards.