EasyA Valued at $1.1 Billion as It Prepares for a Direct Listing

Preface

EasyA, a platform that helps developers build blockchain and artificial intelligence applications, has received an independent valuation of $1.1 billion as it prepares for a public listing. Co-founder and CEO Philip Kwok told CoinDesk the company is targeting the first half of next year for a direct listing. EasyA has submitted a draft registration to the U.S. Securities and Exchange Commission (SEC), but the valuation is not a guarantee of the price its shares will command once trading begins.

This article examines the company’s listing plans, its developer-focused business, and its interest in tokenized shares. It also looks at EasyA Labs, the company’s expansion into tokenization projects and AI-agent applications, and the distinction between an independent valuation and a public-market share price.

Lazy bag

EasyA says its app has more than 1.3 million users and works with companies including Ripple and Solana to introduce their technologies to developers. The company is preparing for a direct listing, which could let existing shareholders sell shares publicly without raising fresh capital through a traditional initial public offering. Its $1.1 billion independent valuation reflects audited financial performance and growth prospects, but does not determine what investors will pay. EasyA is also considering tokenized shares and developing projects involving tokenization and AI agents.

Main Body

EasyA has reached an independent valuation of $1.1 billion while preparing to enter public markets. The company develops a platform for building blockchain and artificial intelligence applications, and its business focuses on helping technology companies attract developers and support the creation of applications. Co-founder and CEO Philip Kwok said in an interview with CoinDesk that EasyA is targeting a direct listing in the first half of next year.

A direct listing differs from a traditional initial public offering (IPO). In a direct listing, existing shareholders may sell their shares publicly, while the company does not raise fresh capital through the offering itself. This approach can provide a route to public trading without the conventional share-issuance process associated with an IPO. EasyA’s stated plan is to pursue this type of listing, although the timing and final arrangements remain subject to the company’s preparations and regulatory process.

EasyA has submitted a draft registration to the U.S. Securities and Exchange Commission (SEC). The company has also completed two years of audits by accounting firm PDF. According to Philip Kwok, the independent valuation was established by a third party using audited financial statements, operating performance, growth plans, and comparisons with publicly traded companies. These inputs provide a structured basis for an assessment of the business, but the resulting figure should not be confused with a share price established by buyers and sellers in a public market.

That distinction is important for prospective investors. A private or independent valuation is an assessment based on selected financial and market information. Once shares trade publicly, their market price can change according to demand, expectations, company performance, broader economic conditions, and other factors. EasyA’s $1.1 billion valuation therefore does not guarantee that the company will have the same market capitalization after its shares begin trading, nor does it establish the price at which shareholders will be able to sell.

The proposed listing would give public-market investors an opportunity to assess a company operating behind the scenes of blockchain and AI development. Rather than focusing on cryptocurrency assets or AI models themselves, EasyA provides tools and programs intended to help networks and companies reach developers and encourage application building. Its public-market debut could consequently offer a way to evaluate investor interest in businesses that supply services and infrastructure to these sectors.

EasyA says its application has more than 1.3 million users. The user base includes software developers as well as people who use AI tools to create applications. The company works with organizations including Ripple and Solana, helping them introduce their technology to developers through educational programs and hackathons. These activities connect the platform’s developer community with companies seeking to expand awareness and use of their technologies.

Hackathons have also been part of EasyA’s efforts to engage developers. Walden Yan, who later co-founded Cognition A, the company behind the Devin AI coding agent, participated in the platform’s early hackathons. The source also identifies his participation at 2026 Consensus in Hong Kong. Yan’s subsequent company is valued at roughly $48 billion after a $2 billion raise led by Andreessen Horowitz and Accel. His career illustrates how participants in developer communities can go on to build companies in the broader AI ecosystem; it does not, by itself, establish a direct relationship between EasyA and Cognition A.

Another part of EasyA’s stated plans is the potential availability of its shares in tokenized form. The company is considering making tokenized shares available from the first day of public trading. Dominic Kwok, EasyA’s co-founder and chief operating officer, said tokenization was “definitely on the roadmap.” However, EasyA has not disclosed how such shares would be issued or traded. Details such as the structure of the tokens, the trading venues, and the relationship between token holders and conventional shareholders remain unspecified in the information provided.

Tokenized equities have drawn interest from established financial firms. Robinhood has built a blockchain for tokenized stocks, while analysts expect the SEC’s work on tokenized securities to create opportunities for brokers, custodians, and blockchain infrastructure providers. These developments show that tokenization is becoming a subject of discussion across financial services, although the regulatory, technical, and operational arrangements can vary from one project to another.

For EasyA, a tokenized-share proposal would sit alongside—not replace—the planned public listing. Whether tokenized shares can be offered, and how investors would access them, depends on the company’s eventual structure and applicable requirements. Because EasyA has not yet published the operational details, its plans should be understood as under consideration rather than as a finalized product or confirmed trading arrangement.

The company is also extending its activities through EasyA Labs. This unit is working on tokenization projects and applications involving AI agents, signaling an effort to move beyond its existing developer community platform. The expansion connects two areas that have attracted industry attention: representing assets or rights through blockchain-based tokens, and using AI agents in applications. The source does not provide specific project names, launch dates, or performance details, so the scale and commercial impact of this work remain unclear.

Overall, EasyA’s public-market plans combine a developer-services business with ambitions in tokenization and AI applications. The company has described its user base, partnerships, audit history, and independent valuation as it prepares for a direct listing in the first half of next year. At the same time, the valuation should be treated as an assessment rather than a prediction of future trading value. The listing, any tokenized shares, and EasyA Labs’ projects will each require further details before investors can fully evaluate their structure and prospects.

Key Insights Table