Crypto alternate Tokenize Xchange secured funding from Animoca Manufacturers to launch its personal blockchain community dubbed “Titan Chain.”
Southeast Asia’s cryptocurrency alternate Tokenize Xchange — also called Tokenize — has secured a significant enhance for its Titan Chain blockchain community via 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 area, introduced that it will put money into Tokenize’s native token, TKX, and supply market-making providers geared 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 also turn 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 beneath regulatory exemptions from the Financial Authority of Singapore and holds a full Digital Asset Trade license from Malaysia’s Securities Fee. In March, the alternate secured $11.5 million in Collection A funding from Trive Capital.
