Blockchain analytics and investigations firm Bubblemaps will soon launch its own token dubbed BMT to power a new community-driven crypto investigations platform called the Intel Desk, according to an announcement by the company on Tuesday.

French native and Bubblemaps CEO Nicolas Vaiman founded the Paris-based startup in 2021 with the goal of “turning blockchain data into an engaging, visually interactive experience.” In 2023, the company raised $3.2 million in a seed round to “to accelerate blockchain data innovation.”

This latest move is designed to incentivize the company’s users to collectively contribute to a shared crypto intelligence network by engaging in activities such as voting on which investigations are most important or helping to allocate investigative resources.

“BMT will have a max supply of one billion and will launch on Solana,” the company said. “Bubblemaps is now an integral part of crypto culture.”

Launching a token is a novel approach for a blockchain analytics company. Similar companies such as the larger Chainalysis have developed successful business models without using tokens. Chainalysis was valued at $8.6 billion in 2022 and is considered to be a strong 2025 IPO candidate by some experts.

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