September 16, 2024
Tokenize Xchange, a cryptocurrency exchange in Southeast Asia, has received a significant boost for its Titan Chain blockchain network through a strategic investment from Animoca Brands, a Hong Kong-based game software and venture capital company.
Project | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|
Tokenize Exchange | September 16, 2024 | Strategic Investment | Animoca Brands | DeFi |
In a press release on September 16, Animoca Brands, known for its blockchain gaming and web3 ventures, announced its investment in Tokenize’s native token, TKX. They will also provide market-making services to improve liquidity and trading efficiency for TKX and other tokens in the ecosystem. The investment amount was not disclosed.
With this funding, Animoca Brands will become the largest validator for Titan Chain, a blockchain network built on the Cosmos SDK with full Ethereum Virtual Machine compatibility.
Tokenize founder Hong Qi Yu highlighted the strategic importance of this investment, stating that the partnership will greatly enhance their ability to innovate in DeFi, GameFi, and NFTs.
Founded in 2017 and based in Singapore, Tokenize operates under regulatory exemptions from the Monetary Authority of Singapore and holds a full Digital Asset Exchange license from Malaysia’s Securities Commission. In March, the exchange raised $11.5 million in Series A funding from Trive Capital.
About Tokenize Xchange
Tokenize Xchange is a digital currency trading platform based in Southeast Asia. It allows users to buy, sell, and trade a variety of cryptocurrencies, including Bitcoin, Ethereum, and its native token, TKX. The platform supports multiple payment methods, such as debit/credit cards, direct bank transfers, and digital wallets like GrabPay. Tokenize Xchange aims to provide a secure and user-friendly experience, with advanced trading tools and real-time market data. It is regulated in Singapore and Malaysia, ensuring compliance with local financial regulations,
Website: https://tokenize.exchange/
About InvestorInvestor: Animoca Brands
Animoca Brands is a company that develops and publishes a diverse portfolio of games and products. Their offerings span both traditional games and blockchain-based games, with many of them featuring popular global brands. Some of the well-known brands associated with Animoca Brands include Disney, WWE, Snoop Dogg, The Walking Dead, Power Rangers, MotoGP™, and Formula E1.
Location: Hong Kong
Website: https://www.animocabrands.com/
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