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Based in Singapore, EthSign is a blockchain-based platform that enables users to create, sign, and manage decentralized digital agreements and electronic contracts without relying on centralized servers. The company has raised over $650,000 in early seed funding from prominent venture capital firms including Draper Associates and Hashkey Capital, following an earlier attempt to raise capital at a $3 million valuation. Recently rebranded under the broader Sign Protocol umbrella, the platform expanded its offerings to include on-chain verification for documents such as identification cards and certificates. Its technology is utilized by decentralized autonomous organizations like XDAO for company registrations, as well as by sovereign nations including Sierra Leone and the United Arab Emirates for official digital identity verification. EthSign was originally founded as a hackathon project in 2019 by Xin Yan, Potter Li, and Jack Xu.
EthSign has raised $12.0M across 1 funding round.
EthSign has raised $12.0M in total across 1 funding round.
EthSign is a Singapore-based technology company that builds a blockchain-powered electronic signature platform, functioning as a Web3 equivalent to DocuSign. It enables users to sign legally valid contracts on-chain with features like cross-chain support, immutable storage, and seamless integration into messaging apps such as Line and Telegram.[1][2][3][4] Serving over 2 million users who have signed more than 800,000 contracts with $5.7 billion in transaction volume across chains like Ethereum, Solana, TON, Polygon, and Bitcoin, EthSign solves the problem of insecure, opaque traditional e-signatures by providing transparency, low-cost signing (as low as $0.001 gas fees), and 5-second signing times.[1][3][4] Its lazy validation mechanism verifies data integrity in the browser without smart contracts, cutting costs by 50% and enabling multi-wallet interoperability, while targeting DAOs, developers, and everyday Web3 users for frictionless, privacy-focused agreements.[1][3]
EthSign was co-founded by CEO Xin Yan, who previously worked at Huobi's strategic investment arm, bringing expertise in crypto investments to bridge traditional legal agreements with blockchain.[2] The idea emerged to create a DocuSign-like tool for Web3, emphasizing blockchain's immutability over centralized e-signature risks—like data loss if a provider shuts down—while authenticating identities and interaction histories more reliably.[2][3] Early traction built on concepts like WeChat's short-lived "Little Protocol" in 2018, but EthSign succeeded by launching as a web app on Line, signing a memorandum with Finschia for deeper integration, and connecting to 250,000 unique wallet addresses by late 2023; by 2025, it scaled massively through cross-chain expansions and partnerships like Finschia on Line, boosting monthly active users to 110,000.[1][2]
EthSign rides the wave of Web3 mass adoption and cross-chain interoperability, capitalizing on blockchain's shift from DeFi speculation to practical tools like legal agreements amid rising DAO governance and decentralized identity needs.[1][2][3] Timing aligns with messaging app dominance (e.g., Line, Telegram) for everyday crypto use, avoiding pitfalls like WeChat's 2018 takedown by embedding in compliant ecosystems, while multi-chain support counters fragmentation in a post-Ethereum scaling era.[1][2][3] Market forces like sub-second L2s, TON's Telegram integration, and regulatory pushes for verifiable digital signatures favor EthSign, influencing the ecosystem by standardizing on-chain contracts—e.g., DAOs signing investments transparently (30% transparency gain)—and paving the way for attestation services over SaaS models.[1][2]
EthSign is poised to dominate decentralized e-signatures as cross-chain standards mature and Web3 identities proliferate, potentially expanding to premium attestation/verification fees while deepening mini-app integrations and API ecosystems.[1][2][3] Trends like AI-assisted contracts, regulatory clarity on digital signatures, and TON/Solana growth will accelerate its trajectory, evolving it from a DocuSign killer to a core Web3 legal infrastructure layer—setting the standard for the 2 million+ users already relying on its secure, transparent agreements.[1][4]
EthSign has raised $12.0M across 1 funding round. Most recently, it raised $12.0M Seed in March 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2022 | $12M Seed | — | Alchemy Ventures, Ambush Capital, Andreessen Horowitz, Awesome People Ventures, Batalion Capital, Broadstone, Capital Factory, East West Ventures EWV, Form Capital, Haun Ventures, Hawkshead Capital, IDEO CoLab Ventures, Lightspeed Venture Partners, NOT Boring Capital, BEN HUH, Pantera Capital, Patron, Pharos Capital Group, Polygon Labs, Redpoint Ventures, Resonado, Robot Ventures, Scalar Capital, Seven Seven SIX, Sound Ventures, The HIT Forge, Timespan Ventures, Todd And Rahul's Angel Fund, Union Square Ventures, Anthony Pompliano, Balaji Srinivasan, Bobby Goodlatte, Chris Kurdziel, Courtney Guertin, Ethan Beard, Fernando Martinelli, Itamar Lesuisse, Jess Sloss, JOE Stump, Michael Dunworth, Narendra Rocherolle, Paul Stamatiou, Reggie James, Ricky Engelberg, Ryan Spoon, Scott Belsky, Shishir Mehrotra, Stani Kulechov, Tegan Kline, Tekin Salimi, Thomas VU, William Boebel | Announced |
EthSign has raised $12.0M in total across 1 funding round.
EthSign's investors include Alchemy Ventures, Ambush Capital, Andreessen Horowitz, Awesome People Ventures, Batalion Capital, Broadstone, Capital Factory, East West Ventures EWV, Form Capital, Haun Ventures, HawksHead Capital, IDEO CoLab Ventures.
