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Tokenize Xchange - Series A
Overview
About Tokenize Xchange - Series A
Tokenize Xchange has just secured US$11.5 million in a Series A funding round, and is currently preparing for a Series B funding round next year, where Hong hopes to raise a further US$300 million.
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.