Need to buy crypto? Here’s Tokenize Xchange. This Singapore-based cryptocurrency exchange just raised $11.5M in a Series A extension round!

• They’re present in Singapore, Malaysia, and Vietnam.

Investor check. Trive and several unnamed high net worth individuals (HNWIs) joined the round.

• This brings their Series A funding to $23M.
• They plan to raise $33M by the end of this year.

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🔠 ABCs of Tokenize

Founded in 2017, the crypto exchange allows you to buy and sell over 80 cryptocurrencies, like Bitcoin and Ethereum.

• It is one of the new exchanges in Singapore that allows users to buy crypto in SGD.
• They serve both individual and institutional investors.

They’re serious about licenses. They're waiting for their license from Singapore (they’re operating under an exception) and another Southeast Asian country.

• In the future, they’ll work towards more licenses globally like Taiwan, Dubai, and Abu Dhabi.
• Tokenize was one of the first digital exchange operators to receive full approval from Malaysia’s Securities Commission in 2020.

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💰 What’s with the $$$?

They’re looking to grow their team 5x to 100 in the next 18 months. Oh, and they’re going to launch their own proprietary mainnet (primary blockchain network where transactions occur).

• The roles are mainly in compliance and operations to comply with the regulations on digital assets across Southeast Asia.