As a seasoned researcher with a keen interest in the dynamic world of cryptocurrency and blockchain technology, I find the partnership between Tokenize Xchange and Animoca Brands particularly intriguing. Having followed the developments in this space for several years now, it’s clear that this alliance is a strategic move that could significantly shape the landscape of DeFi, GameFi, and NFTs.
Tokenize Xchange, a digital currency trading platform, has obtained financing from Animoca Brands for the debut of their self-named blockchain network, Titan Chain.
Tokenize, the well-known cryptocurrency exchange based in Southeast Asia, has received significant backing for its Titan Chain blockchain system. This support comes from Animoca Brands, a prominent video game software and venture capital firm situated in Hong Kong.
On September 16th, Animoca Brands, a company recognized for its involvement in blockchain gaming and web3, declared they will invest in Tokenize’s native token (TKX) and offer market-making services to enhance liquidity and trading effectiveness for TKX and related tokens within their ecosystem. The specific amount of the investment remains undisclosed.
Through the acquired funds, Animoca Brands is set to assume the role of the largest validator within the Titan Chain network – a blockchain system constructed using the Cosmos SDK and boasting full compatibility with the Ethereum Virtual Machine. This information is detailed in the official announcement.
According to Hong Qi Yu, the founder, this investment is crucial as it boosts our capacity to create novel ideas in Decentralized Finance (DeFi), Gaming Finance (GameFi), and Non-Fungible Tokens (NFTs) substantially.
Established in 2017 and based in Singapore, Tokenize functions under regulatory exemptions granted by the Monetary Authority of Singapore. It also possesses a full Digital Asset Exchange license issued by Malaysia’s Securities Commission. In March, the platform managed to raise $11.5 million in Series A funding from Trive Capital.
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2024-09-16 14:51