Tokenize Xchange secures additional US$11.5 mil investment from Trive & HNWIs

By Digital News Asia March 20, 2024Latest investment elevates Tokenize's Series A fundraising to US$23 million

The leading digital asset exchange in Singapore said this latest investment elevates its total Series A fundraising to US$23 million , with the goal to reach US$33 million by year-end.Founded by serial entrepreneur Christopher Quek, Trive is a Singapore VC firm investing in high-growth technology startups that create positive social impact, improving the health and wealth of people in Southeast Asia. The company previously led the Phase 1 of Series A funding with an investment of US$11.

Tokenize's expansion involves adapting to the complex regulatory frameworks across Southeast Asia, adhering to best practices in compliance and governance. The company has applied for a Digital Payment Token License in Singapore, currently operating under an exemption, and was among the first three digital asset exchange operators to receive full approval from the Securities Commission Malaysia in April 2020.

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