Tokenize Xchange raised $15.4 million in a Series A, Phase 2 funding led by Trive to expand the Singapore team and enhance compliance and operations.

Tokenize Xchange, a Singapore-headquartered cryptocurrency exchange, announced the completion of its Series A, Phase 2 funding, raising a total of $15.4 million led by local venture capitalist firm Trive and other high-net-worth individuals. The funding will be used to quintuple its Singapore team from 20 to 100 staff in the next 18 months, with a focus on enhancing compliance and operations to adapt to complex regulatory frameworks across South-east Asia.