Singapore’s digital assets exchange raises US$22M pre-Series A

(Exclusive) Singapore’s digital assets exchange raises US$22M pre-Series A

Singapore-based startup has raised US$22 million in pre-Series A funding from a group of investors, including a prominent crypto fund in Southeast Asia, its Co-founder and CEO Branson Lee told e27.

“The funds raised from this round will be used for global expansion,” Lee said. was built by team of blockchain developers, including Lee, Zhong Wei Xiang, and Tan Hongean, who have built exchange previously. Currently in the beta stage, will allow people to buy, sell, and store digital assets once it goes live in the first quarter of next year. It also will offer bespoke customer services to clients with a certain trading threshold. With a twin focus on user experience and security, will offer trading bonus cashback to users.

Also Read: In our drive to be a Smart Nation, the security industry needs to raise its standards

“We believe our bespoke customer service for customers will set us apart from other exchanges. To that end, we are not aiming to be a supermart of some sort for customers, rather a platform for customers to venture into alternative asset classes and we want to be there for them every step of the way.”

The platform will be integrated with SmartNation Singapore project, a consent-based identity profile platform for Singaporeans or permanent residents. For non-Singapore residents, the typical KYC process still applies.

“Our platform is built from ground up. We want our customers to understand that security and great user experience is not mutually exclusive. We will be working closely with the regulator to consistent in terms of KYC processes as well as being compliant in terms of customer protection,” Lee noted.

Please follow and like us:
Essential SSL