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 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 […]

Blocknative has announced that it earned $15.0 million in Series A-1 to fund its initiative to drive the company’s leadership in the emerging block building market. The funding round for this real-time web3 infrastructure company was participated by Blockchain Capital, Foundry Group, Rho, IOSG Ventures, Robot Ventures, Fenbushi Capital, HackVC, Industry Ventures, and others. With […]

Digital Entertainment Asset (DEA), operator of the PlayMining NFT gaming platform, has received a boost in its operations. DEA announced that it raised investments amounting to $10 million from Los Angeles-based LDA Capital, a global alternative investment group. The funding will be spent to further accelerate its business and market expansion and to help optimize […]

SCB 10X, the venture investment arm of SCBX group, announced that it has invested $10 million in RakkaR Digital, an institutional-grade digital asset custody platform for institutions powered by Fireblocks. RakkaR Digital provides institutions in Southeast Asia and Hong Kong with a highly secure custody solution that leverages MPC private key protection. Customers can use […]

Cake DeFi, the leading and fastest-growing Singapore-based fintech firm, providing easy access to Decentralized Finance (DeFi), has launched its latest product – EARN – allowing users to generate returns via a single-sided liquidity mining service while protecting users against market volatility. Cake DeFi’s EARN is a fully transparent product that will allow users to generate […]

The GrowHub Innovations Company, Asia Pacific’s only Web3-enabled plug-and-play ecosystem builder for food traceability and carbon credits, and Koufuku Group, a Japanese food company with over 50 years of history, have signed a partnership agreement for a joint project on market penetration using GrowHub’s proprietary Web3 technology. In a statement, the duo said the partnership […]

The world’s first marketplace designed for trading playable NFTs was launched by NFT’s gaming platform Balthazar. With the launching of pNFT Marketplace, it is easy to acquire NFTs that are generating passive income using the platform. The beta launch of this marketplace has signaled a new wave of innovation in the NFT sector. Despite a […]

South Korean blockchain investment firm Hashed, a core backer in the web3 space who have raised over $320 million in the past 12 months, have led the way in investing in Apeiron, the hottest new blockchain game on the market. Developed by Foonie Magus, the game has now raised over $17 million at the close […]