Taiwanese decentralized finance (DeFi) platform Term Structure, specializing in non-custodial fixed-income protocols for peer-to-peer borrowing and lending, has successfully raised initial funding of USD 4.25 million in a series of seed fundraising rounds. Leading this investment is Cumberland DRW, joined by participants Decima Fund, HashKey Capital, Longling Capital, and MZ Web3 Fund. This seed fundraising […]

Japan has relaxed regulations to permit startups to raise investment funds through cryptocurrencies. With this, the Japanese government now allows startups the flexibility to secure capital using crypto assets in addition to conventional stocks.  This recent regulatory shift marks a significant turning point in Japan’s cryptocurrency stance, which had previously imposed stringent limitations on the […]

Vietnamese blockchain startup Oxalus announced raising $1.1 million in a Seed funding round anchored by IDG Capital Venture Beta (IDGCVB) and Kyber Ventures. The two investors have previously invested in notable blockchain ventures, including Centic, Next Vision Capital (NVC), Coin98, Airstack, and Aura Network, according to the announcement. Founded in 2022, Oxalus has shown rapid growth, connecting […]

Hong Kong-based venture capital firm Newman Capital has invested in Openfort, a startup that specialises in blockchain wallet infrastructure for Web3 gaming. The investment from Newman Capital has enabled Openfort to successfully complete its seed round fundraising, generating a total of $3 million. The seed round was co-led by gumi Cryptos Capital and Maven 11, […]

Protico, a Web3 Chat startup from Taiwan, has recently been selected for Techstars’ highly competitive Web3 accelerator program in Dublin. Of nearly 750 global applications, Protico is one of the only 12 teams chosen. As the sole startup in this cohort with a core team solely from Asia, this result showcases Protico’s potential to revolutionize […]

Bisonai, a Singapore-based company specializing in Web3 infrastructure, has joined forces with Polygon Supernet, a blockchain developer that provides a Layer 2 scaling solution for Ethereum, to revolutionize enterprise blockchain solutions, offering scalable and customizable Web3 infrastructure to businesses worldwide.  As companies increasingly look to adopt blockchain technology, they often encounter significant challenges related to scalability […]

DigiFT, a Singapore-based decentralised digital asset exchange (DEX) for asset-backed tokens (STO), announced that it has raised $10.5 million in its pre-Series A funding round, led by Shanda Group, a global privately-owned investment group founded by Chinese online entertainment pioneer Tianqiao Chen and family in 1999. The new funds will be used to support license applications […]

Blockchain Founders Fund, an early stage Web3 Venture capital fund based in Singapore, has announced the final close of its Fund II at $75 million. Fund II, which aims to support high growth potential pre-Seed and Seed stage Web3 and blockchain startups, received backing from key investors, including Polygon, Ripple, Octava, NEO Global Capital (NGC), […]

The Chinese government has selected MY EG Services Bhd’s (MYEG) blockchain infrastructure Zetrix to be a component of its government-to-government collaborative research programme that is set to lead to commercialisation. It said in a filing with Bursa Malaysia that Zetrix, a layer-1 public platform developed by MYEG, is the international super node for China’s national […]

The possibility of an economic recession this year is expected to cause delays in the recovery of the digital assets industry by at least a year or in 2025 yet. A source from the Asian crypto exchange Zipmex, however, said that the recent surge in prices could only be short-lived. “I believe the increase will […]