Tokenize Xchange announces partnership with Animoca Brands, receives strategic investment for Titan Chain
Latest milestone in Tokenize's accelerated growth strategy
16 September 2024 - Tokenize Xchange (Tokenize), a leading digital asset exchange in Southeast Asia, today announced that it has secured a strategic investment in Titan Chain, Tokenize’s mainnet, from Animoca Brands, the global leader in digital entertainment, blockchain, and gamification. In addition, Tokenize and Animoca Brands have established a partnership whereby Animoca Brands will support Tokenize through market-making, node validation, assisting in listing Tokenize’s TKX token, and exploring partnership opportunities with Mocaverse and other projects within Animoca Brands' extensive portfolio of Web3 companies and projects. Mocaverse is the marquee consumer network with an interoperable infrastructure layer across the Moca Network seeded by Animoca Brands.
Tokenize believes that the investment and partnership are set to supercharge the Tokenize ecosystem, enhancing its blockchain infrastructure and expanding its reach into high-growth markets. The investment is a significant milestone in Tokenize’s growth strategy and comes on the heels of Tokenize's recent US$11.5 million Series A phase 2 funding and the appointment of a new Chief Strategy Officer earlier this year, further solidifying the company's commitment to accelerating its growth and 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 partnership will bring crucial support to the Tokenize ecosystem, including market-making services, listings, and community growth initiatives. Animoca Brands has also officially become the largest validator for Titan Chain.
The partnership between Tokenize and Animoca Brands will provide significant advantages for Tokenize and its users, with Animoca Brands' market-making services set to enhance liquidity for TKX and other ecosystem tokens to improve their overall trading experience. This partnership will facilitate the development of new blockchain-integrated products, particularly in gaming and digital collectibles, while Animoca Brands' role as the lead validator for Titan Chain will bolster security and efficiency, strengthening Tokenize's operational foundation. Additionally, the partnership is expected to drive Tokenize’s community growth by tapping into Animoca Brands' portfolio of over 540 Web3 investments and its vast network of blockchain enthusiasts and gamers, further expanding Tokenize's reach and user base.
Hong Qi Yu, CEO and Founder of Tokenize Xchange, commented: "This investment from Animoca Brands into Titan Chain marks a pivotal moment for the entire Tokenize ecosystem. By leveraging Animoca Brands' expertise in blockchain gaming and digital assets alongside our robust infrastructure, we're poised to deliver unprecedented value to our users. This partnership 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 is Tokenize’s mainnet and is built on the Cosmos SDK, offering full EVM compatibility and seamless Ethereum interoperability. It is 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 as well as a full Digital Asset Exchange license from Securities Commission Malaysia (SC), and aims to solidify its position as the premier regulated exchange in Southeast Asia while championing inclusivity through its DeFi initiatives. The investment from Animoca Brands in Titan Chain further cements Tokenize's commitment to providing secure, compliant, and cutting-edge digital asset services.
As the blockchain market is projected to reach $1,431.54 billion by 2030, according to Grand View Research, the partnership 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.