Non-custodial crypto wallet Rainbow has announced plans to launch its native token, RNBW, by the end of 2025. Alongside this announcement, Rainbow has introduced several new features in its app, including real-time price updates, instant balance updates, and perpetual contract trading through Hyperliquid. In 2022, Rainbow secured $18 million in a Series A funding round led by Seven Seven Six, a fund founded by Reddit co-founder Alexis Ohanian.