Tokenize Xchange Announces Bold Plans to Become the Web3 Dominant Player in Asia at TOKEN2049

SINGAPORE (29 Sept, 2022) — Tokenize Xchange (Tokenize) has announced that it plans to become the first Web3 Hectocorn in Asia. Hectocorn start-ups, which are also often described as 'Super Unicorns', are companies valued at more than $100 billion and are still exceedingly rare.

Tokenize’s Founder and CEO Hong Qi Yu discloses details of the crypto exchange’s bold future plans when he speaks at TOKEN2049 on 28th September at Marina Bay Sands Convention Centre. TOKEN2049 brings together the global Web3 industry, uniting entrepreneurs, investors, developers, industry insiders and global media in an unparalleled crypto networking event.

Mr Hong’s keynote address at TOKEN2049 is: The Rise of the Web3 Dominant Player in Asia. Hong speaks about how crypto adoption in South East Asia, though still in its early stages, is destined to become a true asset class on a par with equities, bonds, real estate and precious metals.

Tokenize Xchange was founded in Singapore in 2017 by Mr. Hong, a graduate of Nanyang Technological University. “Looking back over the past 5 years, it has been a stellar year for Tokenize. Moving forward, Tokenize plans to build a metaverse world for crypto-finance investments to serve its TKX members and community,” said Hong. These plans include several linked components: Tokenize Xchange (regulated crypto exchange for trading/investments), Elemint (an NFT marketplace), Green Exchange (carbon trading and green ICOs) and a Global Payments/Remittance Arm.

Tokenize is the only Singapore-based exchange to have its own coin – TKX. TKX, which is at the forefront of Tokenize’s technological advances, has real world utility in such modalities as platform discounts, yield staking, IEO/launchpads, memberships, NFT marketplaces, collateral, payments and Mainnet. Since launching, TKX’s CAGR (Compound Annual Growth Rate) today has been 168% on a market capitalisation of US$445,236,850. It once reached an all-time high market capitalization of US$1 billion in early 2022.

TKX is the core mechanism creating value for community users through the various products offered on the Tokenize platform. Tokenize is constantly innovating and introducing new product roadmaps and pipelines to generate and accrue value to TKX holders. Not only this but more breakthroughs are planned. Looking ahead, Tokenize will require only a single KYC assessment point, granting access to various crypto products through one login, from Fiat on-ramp via Tokenize Xchange to purchasing NFTs. Tokenize’s Green Exchange, meanwhile, will curate green projects listed on the exchange, which will be certified by independent auditors and receive Tokenized carbon credits. As part of this plan, ESG ratings will be awarded to these green projects based on the MSCI ESG Ratings Methodology (rating scores of between 1 and 5 will be given to projects). The Green Exchange will connect carbon buyers and sellers enabling the exchange of tokenized real-world carbon credits and the pooling of liquidity for those carbon credits which have secure and verifiable tokenization. All curated projects will be fully integrated for onboarding to the Blockchain, providing full transparency and verified traceability in supported registries such as Kilma DAO and Toucan Protocol.

Tokenize is also building user liquidity and utility through Tokenize Prime, which provides enhanced access to the deepest liquidity for crypto assets. The platform caters to Institutional and Corporate clients as well as Accredited Investors and High Net Worth Individuals. Users can enjoy a personalized experience with an assigned relationship manager and enjoy seamless settlements of larger block trades. A CeDeFi borrowing and lending product, Tokenize Loans, will meanwhile enable users to access overcollateralized loans while earning yield (users can earn yield on their collateral and still stake an overcollateralized loan from the platform). All of these Tokenize Loans are powered by TKX.

Tokenize is also driving the future of the TKX metaverse through its curated NFT marketplace Elemint, which auctions NFTs which have with real world utility. Elemint empowers local businesses, influencers and artists to digitize their business or art and supports their foray into the NFT ecosystem. Tokenize’s Mascot NFT, TBOT Fight Club (TBFC), is one of the first NFT collections to be auctioned this month. A collection of 555 unique digital NFT collectables, these TBFCs are also avatars for the upcoming convolution of a gamified, decentralized metaverse.

Finally, Tokenize is building the Multi-Chain of the future. This is comprised of “The TKX Trinity” of TKX Mainnet, TKX CROSS-Chain Bridge, and TKX Blockchain SSO. Titan Blockchain is a platform built by Tokenize for projects to develop dApps and deploy smart contracts to grow and nuture comprehensive crypto ecosystems. TKX CROSS-Chain Bridge is staking 250 TKX for free withdrawals, provides Multichain access to the crypto ecosystem, improves the user experience and removes the need to have multiple wallets for different chain. The TKX Wormhole wallet allows free withdrawals across all chains and L2s that are supported by Tokenize Xchange. TKX Blockchain SSO is powered by The Central Soulbound Token: a Digital identity issued by a regulated player to gain access to Tokenize’s comprehensive crypto ecosystem.

At TOKEN2049, Mr. Hong addresses prevailing topical crypto issues, including how crypto will play a role as an emerging asset class, and current problems in the crypto industry (such as crypto’s lack of real-world utility, cash flow issues, and lack of an ESG narrative).

About Tokenize Xchange

Tokenize Xchange is one of the few platforms in Singapore which allows users to buy cryptocurrencies in Singapore dollars. The platform facilitates fund top-ups through a variety of methods, including debit/credit card, direct bank transfer, StraitsX, GrabPay, etc. To protect its users from potentially dangerous schemes in the cryptocurrency market, Tokenize conducts extensive research and has established partnerships with Bitgo and Fireblocks to provide safe custody of digital assets. In addition, the platform enables users to experience frictionless accessibility when they use its hybrid wallet mechanisms to purchase cryptocurrencies. It also ensures that users’ digital assets are secured from malicious attacks.

In 2022, Tokenize launched Elemint (https://elemintnft.com/), a curated NFT marketplace where collectors and creators can meet to buy, sell, collect and trade provably unique, curated NFT collections.

For more information visit https://tokenize.exchange

Media Contact:

Grace Zhou, Raffles Public Relations

Email:  grace@rafflespr.com.sg

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