Crypto trade Tokenize Xchange secured funding from Animoca Manufacturers to launch its personal blockchain community dubbed “Titan Chain.”
Southeast Asia’s cryptocurrency trade Tokenize Xchange — also referred to as Tokenize — has secured a serious increase for its Titan Chain blockchain community by a strategic funding from Animoca Manufacturers, a Hong Kong-based sport software program firm and enterprise capital firm.
In a Sept. 16 press launch, Animoca Manufacturers, recognized for its ventures in blockchain gaming and web3 house, introduced that it will spend money on Tokenize’s native token, TKX, and supply market-making providers aimed toward enhancing liquidity and buying and selling effectivity for TKX and different tokens inside the ecosystem. The quantity of the funding was not disclosed although.
With the funding, Animoca Manufacturers may even change into the most important validator for Titan Chain, a blockchain community constructed on the Cosmos SDK with full Ethereum Digital Machine compatibility, the press launch reads.
Tokenize founder Hong Qi Yu emphasised the strategic significance of the funding, saying the partnership will “significantly enhance our ability to innovate across DeFi, GameFi, and NFTs […].”
Based in 2017 and headquartered in Singapore, Tokenize operates underneath regulatory exemptions from the Financial Authority of Singapore and holds a full Digital Asset Change license from Malaysia’s Securities Fee. In March, the trade secured $11.5 million in Sequence A funding from Trive Capital.
