Tokenize Xchange (Tokenize), a digital asset exchange headquartered in Singapore, has secured an undisclosed strategic investment for its mainnet, Titan Chain, from digital entertainment, blockchain, and gamification company Animoca Brands.
As part of the deal, Animoca will support Tokenize through market-making and node validation, assist in listing Tokenize’s TKX token, and explore partnership opportunities with Mocaverse and other projects.
Cryptocurrency market dynamics: Insights into supply, demand, and regulatory influences
This partnership will facilitate the development of new blockchain-integrated products, particularly in gaming and digital collectibles. At the same time, Animoca’s role as the lead validator for Titan Chain will bolster security and efficiency.
Hong Qi Yu, CEO and founder of Tokenize Xchange, commented: “This investment from Animoca Brands into Titan Chain marks a pivotal moment for the entire Tokenize ecosystem. This partnership will significantly enhance our ability to innovate across DeFi, GameFi, and NFTs, solidifying Tokenize’s position as a leader in the digital asset space.”
Tokenize Xchange offers a secure, user-friendly platform for trading various cryptocurrencies, serving individual and institutional investors. It operates under regulatory exemptions from the Monetary Authority of Singapore as well as a full Digital Asset Exchange license from the Securities Commission Malaysia (SC).
Titan Chain is built on the Cosmos SDK, offering full EVM compatibility and seamless Ethereum interoperability. It addresses high transaction fees, scalability issues, and limited interoperability in existing networks.
The rise of Web3 and crypto startups: Pioneering the decentralised future
The exchange recently raised a US$11.5 million Series A extension round.
The blockchain market is projected to reach US$1,431.54 billion by 2030, according to Grand View Research.
—
The post Animoca Brands backs Singapore’s digital asset exchange Tokenize appeared first on e27.