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A significant development has been revealed by Tokenize Xchange, a well-known digital asset exchange in Southeast Asia: Animoca Brands has made a strategic investment in Titan Chain, Tokenize’s mainnet. Globally renowned for its pioneering work in gamification, blockchain, and digital entertainment, Animoca Brands has teamed up with Tokenize to offer vital support for the TKX token, such as market-making, node validation, and listing help. Through this relationship, new avenues for cooperation within Animoca’s extensive Web3 ecosystem will become available, including initiatives like Mocaverse, a well-known blockchain consumer network.
Tokenize is confident that this partnership will accelerate its growth and enhance its blockchain infrastructure. The investment follows Tokenize’s recent US$11.5 million Series A phase 2 funding and the appointment of a new Chief Strategy Officer earlier this year. These developments mark a significant milestone for Tokenize’s ambitions to expand in high-growth markets.
Animoca Brands, known for its extensive portfolio in blockchain and digital ownership, has become Titan Chain’s largest validator. They will invest in an undisclosed amount of TKX, which serves as the primary gas fee medium for Titan Chain. Tokenize will also benefit from Animoca’s market-making services, improving liquidity for TKX and other tokens.
“This investment from Animoca Brands into Titan Chain marks a pivotal moment for the entire Tokenize ecosystem,” said Hong Qi Yu, CEO and Founder of Tokenize Xchange. By combining Animoca’s gaming expertise with Tokenize’s infrastructure, the partnership will enhance offerings in DeFi, GameFi, and NFTs.
The collaboration is set to bring more than just financial support. Animoca Brands’ role as the lead validator will strengthen Titan Chain’s security, while its extensive network of over 540 Web3 projects will help drive community growth. This partnership is also expected to facilitate the development of innovative products in the realms of gaming and digital collectibles.
Yat Siu, Co-founder and Executive Chairman of Animoca Brands, shared his excitement: “By combining Titan Chain’s robust infrastructure and our expertise in gaming and digital collectibles, we aim to build user-centric blockchain solutions that will drive mass adoption in Southeast Asia.”
With the backing of Animoca Brands and Titan Chain’s cutting-edge infrastructure built on the Cosmos SDK, Tokenize is poised to solidify its position as a leading regulated exchange in Southeast Asia. The partnership marks an exciting new chapter for both companies as they aim to deliver advanced blockchain solutions.