InvestaX, a Monetary Authority of Singapore (MAS) licensed digital securities platform, announced that new strategic investors have joined its Series A round of funding.
These include Coinbase Ventures, Gate Ventures, Token Bay Capital, Sustainability Exchange Group (SEG), Global Blockchain Ventures, Startup-O, JST Capital, Baksh Capital, Thakral Corporation Ltd, Woodside Holdings Investment Management, and Balaji Srinivasan.
InvestaX meets innovation shortages
Every significant expansion of the public markets can be tied to the introduction of new technologies but there has been a lack of innovation in the private markets up until now.
Private market investments stand to be disrupted by the implementation of blockchain technologies and their interaction with digital assets. According to industry data provider Preqin, alternative investments under management (AUM) across all asset classes for the period ending 2021 was US$13.3tn. AUM growth is expected to reach US$23tn by 2026.
InvestaX leads the charge for seamless transactions
Julian Kwan, CEO and co-founder of InvestaX states: “We are excited to have a diverse strategic LP base join our latest funding round, which also proves that digital securities/security tokens are penetrating both sides of the crypto and capital markets.”
“This is a testament to the team and our strategy and signals the convergence of digital assets, digital securities and security tokens, as well as new token assets including NFTs.”
“InvestaX is built with an open architecture and believes in the power of a decentralized world of assets, this latest funding round further demonstrates our commitment to this and to collaborating with the leading companies across different segments of the industry.”
InvestaX builds key infrastructure connecting Centralized Finance (CeFi) and DeFi so you can buy, sell, trade, borrow or lend your private market assets, instantly, 24×7, across the world.