Animoca Brands Corporation Ltd has entered into a strategic investment with Southeast Asian digital asset exchange Tokenize Xchange, and its mainnet, Titan Chain.
The two companies have established a partnership whereby Animoca Brands will support Tokenize through market-making, node validation, assisting in listing Tokenize’s TKX token, and exploring partnership opportunities with Mocaverse and other projects within Animoca Brands' extensive portfolio of Web3 companies and projects.
Building user-centric blockchain solutions
"We are excited to invest in Titan Chain and collaborate with Tokenize Xchange, whose vision aligns closely with our mission to advance digital property rights and foster an open metaverse,” Animoca Brands co-founder and executive chair Yat Siu said.
“By combining Titan Chain's robust infrastructure, Tokenize's strong market presence in Southeast Asia, and our expertise in gaming and digital collectibles, we aim to build innovative, user-centric blockchain solutions that will drive mass adoption in Southeast Asia.”
The two companies believe the partnership will “provide significant advantages for Tokenize and its users”, with Animoca Brands' market-making services set to enhance liquidity for TKX and other ecosystem tokens to improve their overall trading experience.
The partnership will enable the development of new blockchain-integrated products, particularly in gaming and digital collectibles and is expected to drive community growth by tapping into Animoca Brands' portfolio of over 540 Web3 investments.
"This investment from Animoca Brands into Titan Chain marks a pivotal moment for the entire Tokenize ecosystem,” Tokenize Xchange CEO and founder Hong Qi Yu said.
“By leveraging Animoca Brands' expertise in blockchain gaming and digital assets alongside our robust infrastructure, we're poised to deliver unprecedented value to our users.
“This partnership will significantly enhance our ability to innovate across DeFi, GameFi, and NFTs, solidifying Tokenize's position as a leader in the digital asset space."