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Tokenize Xchange - Extended Series A
Overview
About Tokenize Xchange - Extended Series A
Singapore-based Tokenize Xchange has secured an additional US$11.5 million in its series A round from VC firm Trive and high-net-worth individuals (HNWIs). This boosted its series A funding to US$23 million. The digital asset exchange intends to raise a total of US$33 million by the end of 2024.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Unknown | -- | 1 | -- |
Founders & Team
Hong Qi Yu
Company Profile / Project Introduction
Tokenize Xchange is one of the few platforms in Singapore which allows users to buy cryptocurrencies in Singapore dollars. The platform facilitates fund top-ups through a variety of methods, including debit/credit card, direct bank transfer, StraitsX, GrabPay, etc. Tokenize is one of the first three digital asset exchange (DAX) operators to receive full approval from the Securities Commission Malaysia in April 2020. In Malaysia, Tokenize is currently the second-largest DAX by traded market share.
To date, Tokenize has more than 200,000 users across Singapore, Malaysia, Thailand, and Vietnam.