Tokenize Xchange completes US$11.5 million in financing

Tokenize Xchange, headquartered in Singapore, has received an additional $11.5 million in funding from venture capital firm Trive and high net worth individuals (HNWIs) in its Series A financing round. This brings its Series A funding to $23 million. The digital asset exchange plans to raise a total of $33 million by the end of 2024. Tokenize plans to increase its Singapore staff by five times over the next 18 months, with the new funds being used for team development. The company plans to hire a large number of compliance and operational experts.