EasyA, a platform for building blockchain and artificial intelligence applications, has reached a $1.1 billion valuation and is preparing for a direct public listing in the first half of 2027, co-founder and CEO Philip Kwok announced.
The company, founded by brothers Philip and Dominic Kwok, has submitted a draft registration to the U.S. Securities and Exchange Commission. EasyA completed two years of audits conducted by accounting firm PDF and received an independent third-party valuation based on audited financial statements, operating performance, growth plans, and comparisons with publicly traded companies. The valuation does not guarantee the price investors will pay once shares begin trading.
A direct public listing will allow existing shareholders to sell stock publicly without the company raising fresh capital through a traditional IPO.
EasyA reports its app has more than 1.3 million users, ranging from software developers to people using AI tools to create applications. The platform works with companies including Ripple and Solana, introducing their technology to developers through educational programs and hackathons.
The company is planning to offer its shares in tokenized form, potentially from the first day of public trading. "That's definitely on the roadmap," said Dominic Kwok, EasyA's co-founder and chief operating officer, regarding tokenization plans. The company has not yet disclosed how its proposed tokenized shares would be issued or traded.
EasyA is expanding beyond its developer community through EasyA Labs, which is working on tokenization projects and applications involving AI agents.
