Crypto exchange based in Singapore, Tokenize Xchange, expects a substantial staff growth after their US$11.5 million in capital raising. The company’s ultimate target is to increase the number of employees from 20 to 100 members during the next 18 months.
Tokenize was established in 2017 and currently serves both individual and institutional investors in major Asian markets including Singapore, Malaysia, and Vietnam.
The expansion, in particular, would concentrate on building both regulatory and operational teams, so that the Tokenize project corresponds to these strict global crypto-regulation rules.
Tokenize’s drive to raise the Series A funding, which now adds up to US$23M, was led by Trive, a homegrown venture capital firm, and other forward-thinking investors.
At the same time, the exchange has plans to start its blockchain network and obtain digital payment licenses providing services in different regions, for instance, Singapore, Taiwan, Dubai, and Abu Dhabi.
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