Animoca Brands' investment will strengthen Titan Chain's infrastructure, enabling Tokenize Xchange to improve liquidity and trading efficiency within its ecosystem.
The partnership will drive innovation across DeFi, GameFi, and NFTs, expanding Tokenize Xchange's reach in Southeast Asia’s digital asset market.
Tokenize Xchange plans significant expansion following a successful funding round and new hires, positioning itself as a blockchain leader in the region.
Tokenize Xchange, a leading cryptocurrency exchange in Southeast Asia, has partnered with Animoca Brands to develop its Titan Chain blockchain network. Animoca Brands, a Hong Kong-based venture capital company specializing in blockchain and gaming, announced its investment in Tokenize’s native token, TKX, as part of the collaboration.
Strategic Investment to Enhance Blockchain Infrastructure
Animoca Brands will serve as Tokenize's primary validator for the Titan Chain and provide essential market-making services. This will enhance liquidity and trading efficiency for TKX and other tokens within the Tokenize ecosystem. The exact investment amount was not disclosed. The partnership is aimed at bolstering Tokenize's blockchain infrastructure and offering a more seamless experience for users.
Expanding Tokenize's Ecosystem
The partnership opens the door for Tokenize Xchange to collaborate with Animoca's extensive network of Web3 projects. This will help Tokenize strengthen its position in the decentralized finance (DeFi), gaming (GameFi), and non-fungible token (NFT) sectors. Tokenize Xchange CEO and founder, Hong Qi Yu, expressed confidence in the partnership, stating that Animoca's expertise will drive innovation and deliver enhanced value to users.
Titan Chain to Drive Mass Adoption in Southeast Asia
Animoca Brands co-founder and executive chairman, Yat Siu, noted that the partnership aligns with Animoca’s mission to advance digital property rights and promote an open metaverse. The collaboration is expected to drive mass adoption of blockchain technology in Southeast Asia, leveraging Tokenize's robust market presence and Animoca's experience in digital collectibles.
Tokenize Xchange has been actively expanding its operations. In July, the company hired Carney Mak as its Chief Strategy Officer to accelerate its growth. Tokenize also completed an $11.5 million Series A funding round earlier this year, with plans to grow its Singapore-based team from 20 to 100 employees over the next 18 months.
With the strategic support of Animoca Brands, Tokenize Xchange aims to solidify its standing as a key player in the Southeast Asian digital asset market while developing new blockchain products through its Titan Chain network.
