Singapore's cryptocurrency trading platform Tokenize Xchange has completed a $11.5 million financing round, with participation from Trive and others

ChainCatcher news, according to techinasia, the Singapore-based cryptocurrency exchange platform Tokenize Xchange announced the completion of a $11.5 million funding round, with participation from venture capital firm Trive and others. This brings its Series A funding total to $23 million. The digital asset trading platform plans to raise a total of $33 million by the end of 2024.

Tokenize plans to increase its workforce in Singapore by five times over the next 18 months, and the new funds will be used for team development. The company aims to hire a large number of compliance and operations experts.