Fundz

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.

PRIVATEMar 18, 2024

Amount Raised

$15.4 Million

Round Type

Series A

SingaporeFinancial ServicesBlockchainCryptocurrency

Investors

Other High Net Worth IndividualsTrive

Description

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.

Quick answer

Tokenize Xchange raised $15.4 Million in a Series A round, dated March 18, 2024. Investors: Other High Net Worth Individuals and Trive. Tokenize Xchange is based in Singapore, Southeast Asia, Singapore.

How much did Tokenize Xchange raise?
Tokenize Xchange raised $15.4 Million in a Series A round on March 18, 2024.
Who invested in Tokenize Xchange?
Other High Net Worth Individuals and Trive are named as investors in this round.
What does Tokenize Xchange do?
Tokenize Xchange is a Singapore-headquartered cryptocurrency exchange with operations in key Asian markets including Singapore, Malaysia, and Vietnam, serving both individual and institutional investors.
Where is Tokenize Xchange based and how big is it?
Tokenize Xchange is based in Singapore, Southeast Asia, Singapore.
Who are the decision-makers at Tokenize Xchange?
Fundz holds 1 contact at Tokenize Xchange. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Blockchain around the same time

Companies in the same sectors as Tokenize Xchange that raised within 45 days of this round, from Fundz verified event records.

  • Animoca Brands raised $1.8M (Seed) on April 26, 2024.
  • Crypto Valley Exchange raised $7M (Seed) on April 21, 2024.
  • HQLAᵡ raised an undisclosed amount (Series C) on April 18, 2024.
  • OpenTrade raised $3.2M (Seed) on April 15, 2024.
  • Mayan raised $3M (Seed) on April 11, 2024.
  • Stream Trading raised $1.5M (Seed) on April 10, 2024.

Who to call at Tokenize Xchange, and when

A new round usually means Tokenize Xchange is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Tokenize Xchange raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Tokenize Xchange, from your own LinkedIn network

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Company Information

Company

Tokenize Xchange

Location

Singapore, Southeast Asia, Singapore

About

Tokenize Xchange is a Singapore-headquartered cryptocurrency exchange with operations in key Asian markets including Singapore, Malaysia, and Vietnam, serving both individual and institutional investors.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Tokenize Xchange raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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