Tokenize Xchange
Tokenize Xchange, founded by Hong Qi Yu, is an online digital asset exchange (DAX) platform that provides fiat-to-digital asset pairings. It provides frictionless access to digital assets through a wide range of product offerings to bridge the gap between fiat and cryptocurrencies. Tokenize Xchange's emblem, TKX, is an ERC-20 token operating on the Ethereum blockchain, allowing token holders to vote on the platform. [1][2][3][4]
Overview
Tokenize Xchange is a DAX platform founded by Hong Qi Yu in 2017. Its native emblem, TKX, initially ran on the Ethereum blockchain, but as the number of transactions grew significantly on the platform, the team developed the Titan blockchain. Titan is integrated with artificial intelligence (AI) to help secure the blockchain by identifying frauds, suspecting money laundering, and eliminating human errors. [5][6][7][8]
History
Tokenize Xchange is located in Singapore and operates under an “exemption” in Singapore as it awaits its digital assets license. However, it has a license approved in Malaysia and plans to get licenses in Thailand and Indonesia. Tokenize Xchange aims to raise $1 billion to fund its expansion. In late 2022, it raised $11.5 million in Series A phase 1 funding from Trive, a venture capital company. [6][9]
One of the reasons Hong Qi Yu created Tokenize Xchange is the heightened barrier to entry faced by new individuals when using a DAX platform. Also, the overall complexity of exchange platforms and the accompanying lack of understanding contributed to Tokenize Xchange's creation. The platform, therefore, focuses on four layers of services: digital exchange, the IEO platform, merchant solutions, and information and education resources. In June 2022, Tokenize Xchange announced it would support Elimint, a non-fungible token (NFT) platform where collectors and creators are empowered to create, collect, and share valuable NFT creations. [5][6][10]
On January 8, 2023, Tokenize Xchange unveiled a refreshed brand, including a new logo, identity, slogan, and color scheme, designed to enhance the user experience for first-time users. In April 2023, Arbitrum (ARB), a Layer 2 scaling solution, commenced live trading on Tokenize Xchange, allowing users to trade ARB in both SDG and USD. The platform supported Gala Games in the GALA migration by airdropping GALA V2 to GALA V1 after the launch of GALA V2 in May 2023. In September 2023, Tokenize Xchange announced it would trade PayPal USD (PYUSD), the sole stablecoin supported on the PayPal network, and Pendle (PENDLE) on its platform. [14][15][16][17][18]
Features
Tokenize Xchange has a comprehensive array of features that continue to expand over time. [13]
- Cross-chain trading: A peer-to-peer cross-blockchain exchange with decentralization at its core.
- Optimized trading: It matches optimal buy and sell prices and allows for limited buy and sell orders, requiring minimal monitoring.
- Lightning speed trading: Immediate deposit and withdrawal transactions.
- Market: It enables users to browse through all the listings accessible within the marketplace.
- Wallet: Users have the capability to commence digital currency deposits or withdrawals.
- Order book: It allows users to access and view all orders placed for both bid (buy) and ask (sell).
- Order management: It monitors all outstanding and fulfilled orders.
Tokenomics
The TKX token serves multiple purposes within the Tokenize Xchange ecosystem. It can be utilized for covering transaction fees on the platform, granting access to the IEO (Initial Exchange Offering) platform, and providing holders with access to numerous listings simultaneously. The TKX token facilitates the following: [5]
- Trade fees;
- IEO;
- Mining.
Trade fees
When using TKX for trading, users enjoy reduced trading fees. Additional discounts are available for those who hold 1,200 to 2,000 TKX. Token holders also have the option to stake their tokens on Titan using the Proof-of-Work (PoW) mechanism. [5]
IEO
Tokens can be listed on the IEO platform by making payments in TKX. Users have the opportunity for early participation in ICO (Initial Coin Offering) projects via the IEO platform. Furthermore, all contributions to ICOs are conducted using TKX tokens. [5]
Mining
Users can participate in the ecosystem by using the TKX token to unlock entry to the Tokenize Mining pool. In addition, users will be able to access the Tokenize mining ecosystem through subscriptions paid with TKX. [5]
Titan
Titan is Tokenize Xchange's blockchain, developed due to the increase in the number of users and transactions on the platform. It is an Ethereum Virtual Machine (EVM)-compatible blockchain built on the Cosmos SDK (software development kit). Titan leverages the Cosmos ecosystem's interoperability and modularity to provide a secure, decentralized, and scalable platform for smart contracts, decentralized applications (dApps), and digital assets. Titan's objectives include: [11][19]
- Enabling fast and cost-effective transactions through efficient consensus mechanisms.
- Establishing a secure, decentralized, and scalable platform for smart contracts and dApps.
- Promoting energy efficiency and sustainability in the blockchain industry.
- Ensuring compatibility with the Ethereum Virtual Machine (EVM) for seamless integration with existing Ethereum applications.
- Facilitating interoperability with other blockchain networks through the Cosmos ecosystem.
- Encouraging innovation and fostering growth in the DeFi, NFT, and other digital asset sectors.
Features
The key features of Titan include: [19]
- EVM Compatibility: Titan integrates the Ethermint module, facilitating EVM compatibility. This allows developers to deploy existing Ethereum smart contracts and dApps with minimal adjustments.
- Tendermint Core Consensus Engine: Titan utilizes the Tendermint Core Consensus Engine, known for its high performance, Byzantine Fault Tolerance (BFT), and low energy consumption.
- Staking and Governance: Titan introduces a native staking mechanism and an on-chain governance system. This empowers stakeholders to secure the network and actively participate in decision-making processes.
- Inter-Blockchain Communication (IBC) Protocol: Titan supports the IBC protocol, enabling seamless communication and asset transfers with other Cosmos-based chains and compatible networks.
Use cases
Titan applies to the following: [12]
- Decentralized finance (DeFi): Titan can host DeFi applications, including decentralized exchanges (DEXs), stablecoins, and lending platforms, offering lower fees and faster transactions than existing platforms.
- Non-fungible tokens (NFTs): Titan is efficient for NFT marketplaces, gaming platforms, and digital art galleries due to its scalable infrastructure.
- Supply chain management: Transparency and accountability can be enhanced by Titan. It can facilitate traceability and provenance tracking.
- Data management: Titan can provide data management solutions that empower individuals to control their online presence.
Team
- Hong Qi Yu - Founder, Chief Executive Officer (CEO) & Chief Technology Officer (CTO)
- Erin Koo - Chief Operating Officer
- Justin Theo - Business Manager
- Jess Lu - Community & PR Manager
- Rouli Shen - Senior Account Executive
- Zoey Phay - Senior Business Executive
- Darren Koh - Marketing Associate
- Travis Teo - Business Associate
- Alson Chia - Marketing Associate
Partnership with Animoca Brands
In September 2024, Tokenize Xchange entered into a partnership with Animoca Brands, a firm active in blockchain-related investments across gaming and Web3 infrastructure. As part of this agreement, Animoca Brands made an undisclosed investment in both Tokenize Xchange and its associated Layer 1 blockchain, Titan Chain.
The partnership was announced with the stated objective of supporting the development of decentralized infrastructure and applications in Southeast Asia. Tokenize Xchange indicated that the investment would contribute to the ongoing expansion of the Titan Chain ecosystem, which focuses on the deployment of smart contracts and blockchain-based services.
Titan Chain has been presented as a compliance-oriented Layer 1 blockchain, structured to accommodate integration with regulated financial systems. By the time of the announcement, Titan Chain had formed partnerships with over 20 projects across areas including decentralized finance, digital identity, and gaming.
The collaboration also includes plans to incorporate projects from Animoca Brands' portfolio into the Titan Chain ecosystem, potentially expanding its operational scope and use cases. Statements from Tokenize Xchange leadership described the investment as a means to reinforce its activities in the region.
Tokenize Xchange is based in Singapore and operates under the regulatory oversight of the Monetary Authority of Singapore (MAS), holding a Major Payment Institution (MPI) license. The company also maintains a presence in Malaysia and Vietnam. As of September 2024, it reported a verified user base of more than 300,000 individuals. [23] [24] [25]
Acquisition of Coinseeker
In January 2025, Titan Lab, the venture division of Tokenize Xchange, completed the acquisition of Coinseeker, a company specializing in artificial intelligence applications for blockchain data. The transaction, valued at approximately US$30 million, involved a combination of cash and equity.
Coinseeker developed systems that apply machine learning to analyze blockchain activity, particularly in the context of early-stage token projects. These systems are designed to process large volumes of data to identify patterns relevant to project evaluation and market dynamics.
Following the acquisition, Coinseeker’s technologies and personnel were integrated into Titan Lab’s operational structure. According to information made public, the acquisition forms part of a broader initiative by Titan Lab to incorporate automated analytical tools into its digital asset infrastructure. The integration is expected to enhance internal capabilities related to data processing, risk assessment, and project vetting mechanisms.
The original team behind Coinseeker is set to continue contributing to the development of AI-driven tools under the Titan Lab umbrella. Their inclusion reflects an emphasis on maintaining technical continuity during the transition and development phases.
This acquisition is one of several initiatives by Tokenize Xchange aimed at incorporating external technology providers into its ecosystem, particularly in areas related to data intelligence and infrastructure support for blockchain-based applications. [20] [21] [22]