Tokenize Xchange Raises $11.5M in Series A Funding for Singapore Expansion Funding Success: Crypto exchange
Tokenize Xchange has secured a whopping $11.5 million in its latest funding round, paving the way for
expansion in Singapore.
Growing Team: With this fresh injection of capital, Tokenize Xchange plans to
ramp up its workforce from 20 to 100 employees over the next year and a half, with a focus on bolstering
compliance and operations.
Impressive Traction: This latest funding brings the total raised by Tokenize Xchange to an impressive $23 million, as it sets its sights on reaching a staggering $33 million by the end of 2024.
Trive's Trust: Local venture capital firm Trive, which had previously invested $11.5 million in the first phase of the Series A round, has once again shown its confidence in the exchange's potential.
Navigating Regulations: Tokenize Xchange sees its expansion as an opportunity to better navigate the complex regulatory landscape of Southeast Asia, where it aims to make a significant impact.
Singapore's Clarity: Singapore's reputation as a financial hub with robust regulations is further highlighted by Coinbase Singapore's Country Director Hassan Ahmed, who praises the city-state's
regulatory clarity and sophisticated approach.
