By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
TechziTechziTechzi
  • Home
  • Community
    • Our Review
    • Join Our Slack community
    • Referral: Richieee
    • Referral: 6 for 6
  • Publications
    • Special Report: SE Asian Startup Funding
    • Top 30 Most Funded Southeast Asia Startups
  • Agencies
  • About
    • About us
    • Contact
Search
© 2023 Techzi . All Rights Reserved.
Reading: Tokenize Xchange Secures $11.5 Million to Fuel Singapore Expansion
Share
Font ResizerAa
TechziTechzi
Font ResizerAa
Search
  • Home
  • Community
    • Our Review
    • Join Our Slack community
    • Referral: Richieee
    • Referral: 6 for 6
  • Publications
    • Special Report: SE Asian Startup Funding
    • Top 30 Most Funded Southeast Asia Startups
  • Agencies
  • About
    • About us
    • Contact
Have an existing account? Sign In
Follow US
© 2023 Techzi . All Rights Reserved.
Crypto & Web3VC

Tokenize Xchange Secures $11.5 Million to Fuel Singapore Expansion

Rary Maharani
Last updated: March 22, 2024 3:07 am
Rary Maharani
Share
2 Min Read
SHARE
  • Tokenize Xchange secures $11.5M in Series A, targeting $33M by end of 2024.
  • The funds will support 5x Singapore headcount expansion, focusing on compliance and operations.
  • Tokenize aims to navigate complex regulations and secure a digital payment token license.

Contents
Funding boostRegulatory compliance focusExpansion and growth

Funding boost

Singapore-based digital asset exchange Tokenize Xchange has secured an additional $11.5 million in its Series A funding round, led by VC firm Trive and high-net-worth individuals.

This investment brings the total Series A funding to $23 million, with Tokenize eyeing a total raise of $33 million by the end of 2024.

Regulatory compliance focus

The new funds will support Tokenize’s plans to significantly expand its Singapore headcount by 5 times over the next 18 months.

The company aims to hire specialists in compliance and operations as it navigates the complex regulatory landscape for digital assets in Southeast Asia.

Expansion and growth

“Compared to other countries in the region, Singapore already has a fairly robust regulatory framework for digital assets,” said Tokenize CEO Hong Qi Yu. The company is also working to secure a digital payment token license in Singapore, where it currently operates under an exemption.

Tokenize is already well-established in Malaysia, being one of the first three digital exchange operators to receive full approval from the country’s Securities Commission in 2020.

To read the original article: https://www.techinasia.com/sgbased-digital-exchange-tokenize-bags-115m-additional-series-funding

TAGGED:div5

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook X Copy Link Print
Share
Previous Article NUS Invests $15M to Accelerate Deeptech Commercialization
Next Article Vietnam Embraces QR Code Revolution, Reshaping Digital Payment Landscape

Subscribe to our newsletter to get our newest articles instantly

Please enable JavaScript in your browser to complete this form.
=

Stay Connected

XFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow

Latest News

Techzi is Pausing
Media December 24, 2024
Twitch Pioneer Emmett Shear Launches Mysterious AI Venture
AI December 24, 2024
OpenAI CEO Labels Musk a ‘Bully’ in Latest Tech Titan Clash
AI December 24, 2024
AI Revolution Could Spark Live Entertainment Boom
Culture December 24, 2024

You Might also Like

Hardware

South Korea Plans $470 Billion Investment to Lead Global Chipmaking

February 12, 2024
AI

Ashton Kutcher Takes Bold Stance on AI Future But Hedges His Bets

November 3, 2024
Gaming

China Game Stocks Rally As Contentious Rules Pulled

February 12, 2024
e-CommerceMobility

Chinese Tech Giants Pivot to Southeast Asia Amid Challenges

July 22, 2024
CultureSocial Media

TikTok Revolutionizes Music Discovery and Industry Dynamics

July 22, 2024
CultureStrategy

Greg Isenberg Gets Inspired by Andrew Schulz’s Skit

February 12, 2024
Strategy

Greg Isenberg Wants Every Entrepreneur to Remember These 27 Phrases

February 12, 2024
AI

Is AI Generated Content Eligible for Copyright Protection in Singapore?

April 19, 2024
FAANGSocial Media

Meta’s Threads Turns One: A Twitter Rival in the Making?

July 25, 2024
CultureFashion

Scott Van den Berg on Béis’ Marketing Strategy and Celebrity-Founded Brand Positioning

April 19, 2024
Social Media

TikTok Becomes First Non-Game App to Hit $10 Billion in Consumer Spending

February 12, 2024
Deep Tech

Virtuix’s VR Treadmill Finally Crosses the Finish Line

August 19, 2024

Techzi

SE Asian tech news: Free & Comprehensive. Read more

Quick Links

  • Logistics
  • Marketplace
  • Mobility
  • Startups
  • VC
  • Food tech
  • Gaming
  • Health-Tech
  • Media
  • Social Media
  • SaaS
  • Travel

Quick Links

  • AI
  • Edutech
  • Climate
  • Creators
  • Crypto & Web3
  • Culture
  • Deep Tech
  • e-Commerce
  • FAANG
  • Fashion
  • Fintech

Techzi Tech Newsletter

FREE and Curated by Tech Insiders

Legal

Privacy Policy

Terms & conditions

TechziTechzi
Follow US
© 2024 Techzi . All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?