Share this article
Sharing Economy Startup Origin Raises $28 Million in SAFT Sale
Peer-to-peer economy platform Origin raised more than $28 million through a Simple Agreement for Future Tokens sale this year, filings reveal.
By Nikhilesh De
Updated Sep 13, 2021, 7:50 a.m. Published Apr 18, 2018, 8:15 p.m.
Origin, the startup behind a platform for peer-to-peer services, has raised $28.5 million through a Simple Agreement for Future Tokens (SAFT) sale.
The funding was revealed in a Form D filing published Tuesday by the U.S. Securities and Exchange Commission. Per the document, 190 investors took part in the sale, which occurred between January and April of this year. All were accredited investors, according to the filing, and a spokesperson for the startup confirmed the funding amount when reached.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
As CoinDesk reported in December, the startup sold $3 million worth of its tokens to venture fund Pantera Capital. The funding went toward the development of Origin's platform, which its founders described as a system for creating decentralized marketplaces.
A public token sale will occur at some point, co-founder Josh Fraser told CoinDesk. And while Fraser could not confirm a timeline for token distribution, he said "we expect [it] to happen at the same time as the platform launch."
"We already have an early proof of concept on testnet, and are still on track to do our mainnet launch in Q3 of this year. ... Development progress is coming along really well," Fraser said, adding:
"For example, we've built out the first working implementation of the ERC 725 identity standard as proposed by Fabian (same guy who came up with ERC 20). We just released an identity playground and are working on integrating the standard into Origin so identity is fully portable between Origin marketplaces and anyone else who supports this open standard."
The SAFT sale comes amid a busy season for such offerings, as evidenced by the $133 million raised by Basis – announced on Wednesday – from backers like Andreessen Horowitz and Google Ventures.
Consumers and coins image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
KindlyMD faces Nasdaq delisting risk after failing to meet minimum share price levels
The health-care and bitcoin treasury firm has six months to lift its share price above $1 for 10 consecutive days.
What to know:
- The Nasdaq exchange told KindlyMD (NAKA) that it faces being delisted after its share price dropped below $1 for 30 consecutive business days.
- The health-care company that is building a bitcoin treasury has until June 8 to regain compliance, which requires the stock to close at or above $1 for at least 10 consecutive business days.
- The shares first fell below $1 in late October, and closed Monday at $0.38.
