DoubleZero announces $28M-backed validator token sale

The DoubleZero Protocol, a blockchain infrastructure network focused on improving speed and efficiency for distributed systems, has launched a validator token sale through CoinList.

This marks the first public token sale available to accredited U.S. investors since 2019.

The sale, running from April 2 to April 10, is open exclusively to validators operating on high-throughput networks such as Solana (CRYPTO:SOL), Celestia (CRYPTO:TIA), Sui (CRYPTO:SUI), Aptos (CRYPTO:APT), and Avalanche (CRYPTO:AVAX).

Participants will submit bids specifying token prices and budgets, which will be aggregated to determine the final sale price.

Austin Federa, co-founder of DoubleZero and former Strategy Lead at the Solana Foundation, described the initiative as groundbreaking.

“The DoubleZero CoinList sale is a first-of-its-kind opportunity for validators securing some of the most performant blockchains. It opens access to infrastructure that will power next-generation distributed systems,” Federa stated.

The token sale follows a successful $28 million fundraising round in March, co-led by Multicoin Capital and Dragonfly Capital.

DoubleZero plans to use its dedicated fiber optic network to address blockchain bottlenecks in data transport layers rather than computation.

The protocol aims to provide high-speed connectivity for validators without requiring substantial infrastructure investments.

Validators participating in the token sale will face varying lockup periods depending on their location.

U.S.-based buyers will have a one-year lockup, while non-U.S. participants will have shorter periods tied to the mainnet launch slated for late 2025.

DoubleZero’s focus on physical infrastructure represents a shift toward optimising blockchain networks at their foundational layers.

The company envisions its fiber network as an alternative to the public internet, offering stable and predictable communication pathways for distributed systems.

CoinList's return to hosting U.S.-based token sales reflects growing regulatory clarity under the Trump administration.

With DoubleZero’s validator round underway, the platform expects more community-centric offerings in the near future.