Tokenize Xchange (Tokenize), a leading digital asset exchange in Southeast Asia, announced a significant twofold milestone in its growth strategy. Animoca Brands (Animoca), a global leader in digital entertainment, blockchain, and gamification, has made a strategic investment in Tokenize’s blockchain, Titan Chain. Additionally, the two companies have established a strategic partnership set to enhance Tokenize’s blockchain infrastructure and expand its reach into high-growth markets.
This announcement follows Tokenize’s recent US$11.5 million Series A phase 2 funding, team expansion in Singapore, and the appointment of a new Chief Strategy Officer earlier this year. The new development demonstrates Tokenize’s commitment to accelerating growth and strengthening its market presence.
Animoca Brands, renowned for its expansive blockchain portfolio and visionary contributions to digital ownership across several verticals including entertainment, education, and identifiers, will invest in an undisclosed amount of TKX, Tokenize’s native token and the primary medium for gas fees in the Titan Chain ecosystem.
The strategic partnership between Tokenize and Animoca will bring crucial support to Tokenize’s ecosystem in several ways. Animoca will provide market-making services, become Tokenize’s biggest node validator, and list the TKX token. There’s also potential for Tokenize to work with other projects in Animoca’s large Web3 portfolio, including Mocaverse, Animoca’s main consumer network that connects different blockchain platforms.
This teamwork will bring important benefits to Tokenize and its users. It will make it easier to buy and sell TKX and other tokens in the ecosystem. Tokenize will be able to create new blockchain products, especially in gaming and digital collectibles. The Titan Chain will become more secure and work better. Importantly, Tokenize’s community is likely to grow as it connects with Animoca’s many blockchain and gaming fans.
Hong Qi Yu, CEO and Founder of Tokenize Xchange, emphasized the transformative nature of the partnership: “This investment from Animoca Brands into Titan Chain marks a pivotal moment for the entire Tokenize ecosystem. By leveraging Animoca’s expertise in blockchain gaming and digital assets alongside our robust infrastructure, we’re poised to deliver unprecedented value to our users. This collaboration will significantly enhance our ability to innovate across DeFi, GameFi, and NFTs, solidifying Tokenize’s position as a leader in the digital asset space.”
Yat Siu, Co-founder and Executive Chairman of Animoca Brands, said: “We are excited to invest in Titan Chain and collaborate with Tokenize Xchange, whose vision aligns closely with our mission to advance digital property rights and foster an open metaverse. By combining Titan Chain’s robust infrastructure, Tokenize’s strong market presence in Southeast Asia, and our expertise in gaming and digital collectibles, we aim to build innovative, user-centric blockchain solutions that will drive mass adoption in Southeast Asia.”
Titan Chain, Tokenize’s mainnet, is built on the Cosmos SDK, offering full EVM compatibility and seamless Ethereum interoperability. It’s designed to address high transaction fees, scalability issues, and limited interoperability in existing networks.
Tokenize operates under regulatory exemptions from the Monetary Authority of Singapore and holds a full Digital Asset Exchange license from the Securities Commission Malaysia. The company aims to become the leading regulated exchange in Southeast Asia while promoting financial inclusion through its DeFi initiatives. Animoca’s investment in Titan Chain further cements Tokenize’s commitment to providing secure, compliant, and innovative digital asset services.
As the blockchain market is projected to reach $1,431.54 billion by 2030, according to Grand View Research, the strategic collaboration signals Tokenize’s readiness to capture a significant share of this growth, particularly in the realms of gaming, digital collectibles, and decentralized finance.
About Tokenize Xchange
Headquartered in Singapore with branches in key Asian markets, Tokenize Xchange is a premier digital asset exchange platform. It offers a secure, user-friendly platform for trading a wide array of cryptocurrencies, serving both individual and institutional investors. Emphasizing innovation, customer service, and compliance, Tokenize Xchange leads in shaping the future of finance globally. Its native token, TKX, and its mainnet, Titan Chain, are at the forefront of blockchain technology, offering interoperability with the Ethereum network.
For more information, visit https://tokenize.exchange
About Animoca Brands
Animoca Brands (ACN: 122 921 813), a Deloitte Tech Fast winner, a Fortune Crypto 40 company, one of the Top 50 Blockchain Game Companies 2024, and one of the Financial Times’ High Growth Companies Asia-Pacific 2023, is a Web3 leader that leverages blockchain to deliver digital property rights to consumers around the world to help to establish the open metaverse. The company develops and publishes a broad portfolio of products including original games such as The Sandbox, PHANTOM GALAXIES™, Life Beyond, and Crazy Defense Heroes, and products utilizing popular intellectual properties from the worlds of sports and entertainment, such as The Walking Dead, Power Rangers, MotoGP™, and Formula E. One of Animoca Brands’ flagship projects is Mocaverse, a platform that enables consumers to maximize their Web3 exposure to experiences and rewards with a single login entry point. Animoca Brands It has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Animoca Brands Japan, Grease Monkey Games, Eden Games, Darewise Entertainment, Notre Game, TinyTap, SPORTPASS,PIXELYNX, WePlay Media, Gryfyn, and Azarus. Animoca Brands is one of the most active investors in Web3, with a portfolio of over 540 Web3 investments, both directly and through Animoca Ventures, including Yuga Labs, Axie Infinity, Polygon, Consensys, Magic Eden, OpenSea, Dapper Labs, Yield Guild Games, and many more. For more information visit www.animocabrands.com or follow on X (Twitter), YouTube, Instagram, LinkedIn, Facebook, and TikTok.
About Titan Chain
Titan Chain is the dynamic mainnet of TKX, the native token of Tokenize Xchange. Merging the power of the Cosmos SDK with Ethereum Virtual Machine compatibility, it offers a robust platform that bridges traditional and decentralized finance. With lightning-fast transaction speeds and ultra-low gas fees, it opens up a world of possibilities for developers through a US$100M ecosystem grant. Titan Chain offers tools like a versatile wallet and an innovative NFT platform, making it a comprehensive solution for next-generation blockchain needs.
For more information, visit https://titanlab.io/