Subscribe to Our Newsletter
Tuesday May 17, 2022
Bitcoin (BTC) $30,157.00   Ether (ETH) $2,050.46
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Swap USDT (TRC20) Instantly
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
Changelly
CryptoNinjas
Home Capital Raising

Digix closes $1.25 million USD investment with Global Brain and Fenbushi Capital

Published by CryptoNinjas.net
11/29/2017
Digix closes $1.25 million USD investment with Global Brain and Fenbushi Capital

Digix, the very first asset tokenization company built on Ethereum, has announced raising $1.25 million USD in its seed round. The round was led by Global Brain, one of the largest and long established venture capital out of Japan. The round was also joined by Fenbushi Capital, Asia’s first and most active blockchain-focused venture capital fund.

Digix is releasing a crypto gold backed token on the Ethereum blockchain in a transparent and publicly auditable manner, aiming to help the unbanked with financial inclusion as well as providing a stable coin for cryptocurrency users and applications.

Digix was the first to send a live transaction on the Ethereum genesis block and was also the first to deploy a smart contract on Ethereum (verified with a signed message from “digix” on the blockchain). They have been in the community since the inception of Ethereum, building tools, and developmental kits while concurrently developing their own product.

Global Brain (GB) is one of the largest venture capital firm from Japan with $500m asset under management across the U.S., Asia Pacific, Europe, and Israel. GB invests in high technology sectors such as AI, Robotics, Aerospace and Blockchain including recent investments of Coins.ph and Bluzelle. GB Blockchain Lab’s (GBBL) inauguration was also announced in September 2017 to contribute to the blockchain ecosystem, as well as foster utilization of blockchain technology across industries and countries. Given its deep roots in venture capital, GBBL focuses on areas include building a community-driven blockchain ecosystem, connecting projects with the relevant human capital and contributing to the community’s growth through research and knowledge sharing.

Yasuhiko Yurimoto, Founder, and CEO of GB said:

“Digix’s technology has tremendous value in this newly born token economy all over the world. Their technology and DGX as gold tokenization will bring this entire ecosystem to the next step.”

Fenbushi Capital is one of the first and most active blockchain-focused venture capital firms in the world, founded in 2015 by Dr. Feng Xiao (Vice Chairman of Wanxiang Holdings), Vitalik Buterin (Founder of Ethereum), and Bo Shen (co-founder of BitShares), with a mission to build world-class companies leveraging blockchain technology to change the world. To date, Fenbushi has supported over 40 amazing teams around the world using blockchain to reshape myriad industries such as finance, healthcare, supply chain, and consumer goods.

Bo Shen, General Partner at Fenbushi Capital, says:

“We are proud to support Digix, one of the earliest and most experienced teams in the blockchain space to explore and build solutions for asset tokenization and decentralized governance.”

Speaking about the investment, Kai C. Chng, the CEO, and Co-Founder of Digix was quoted:

“It is with pleasure that I welcome the 2 VCs on board. They are well versed with the new token economy and will work with us to ensure the success of our asset tokenization platform and the decentralized governance system we strive for with DigixDAO. I am very confident that they will guide us properly towards scaling our operations with their years of experience in taking care of technology companies, while simultaneously introducing the benefits of our tokens and protocol to their network of partners across the globe.”

9
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Alpha Sigma Capital, DigiFinex, BitMart, Emirex and Everest join EmiSwap’s DAO

03/08/2021
Alpha Sigma Capital, DigiFinex, BitMart, Emirex and Everest join EmiSwap's DAO

EmiSwap is the first product in the ecosystem of EmiDAO, an autonomous DAO designed with new ideas and advancements in DeFi. With the ESW governance token at the heart of the ecosystem, EmiDAO enables 100% of projects'...

Read more

Fenbushi Capital launches $15M+ investment fund for Filecoin and IPFS ecosystem

01/11/2021
Fenbushi Capital launches $15M+ investment fund for Filecoin and IPFS ecosystem

China-based blockchain investment firm Fenbushi Capital, today announced it has launched the Fenbushi Ecosystem Fund, a new investment fund designed to drive the continued growth of applications under development on the world's largest decentralized storage...

Read more

Gold token company Digix unveils revamped marketplace and website

02/11/2020
Gold token company Digix unveils revamped marketplace and website

Digix, the creator of the world’s first asset-backed digital gold token, has now gone live with its revamped marketplace and website. The new marketplace and online platform aim to simplify the process of users...

Read more

Security token platform Securitize gets investment from Sony Financial Ventures

02/04/2020
Security token platform Securitize gets investment from Sony Financial Ventures

Securitize, a security token management platform, announced it has secured a fundraise from SFV・GB L.P, a corporate venture capital fund managed by Sony Financial Ventures (SFV) and Global Brain. The investment is an extension...

Read more
Load More

Discussion about this post

Where to Exchange

Crypto services suite in Spanish Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
America's first regulated bitcoin exchange Visit
  • Trending
  • Latest
Hedera launchpad platform HederaStarter to launch its native token via IDO on May 19

Hedera launchpad platform HederaStarter to hold IDO May 19 to establish HSTART token

05/11/2022
Blockchain analytics provider Nansen integrates and invests in DeFi data app APY.vision 

Blockchain analytics provider Nansen integrates and invests in DeFi data app APY.vision 

05/12/2022
Aussie crypto exchange CoinJar rolls our improved platform design

Aussie crypto exchange CoinJar rolls out improved platform design

05/10/2022
Crypto platform Bitpanda introduces staking functionality on 11 cryptocurrencies

Crypto exchange Bitpanda introduces staking on 11 cryptocurrencies

05/10/2022
Jewel chooses ERC-3643 and Tokeny platform to issue stablecoins on Polygon

Jewel chooses ERC-3643 and Tokeny platform to issue stablecoins on Polygon

05/16/2022
COTI links with Cardashift to accelerate social & environmental projects using Djed stablecoin

COTI links with Cardashift to accelerate social & environmental projects using Djed stablecoin

05/16/2022
Blockchain infrastructure platform QuickNode acquires NFT analytics provider icy.tools

Blockchain infrastructure platform QuickNode acquires NFT analytics provider icy.tools

05/16/2022
Asia cypto margin trading app MoonXBT integrates XanPool's fiat gateway

Asia crypto margin trading app MoonXBT integrates XanPool’s fiat gateway

05/12/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

Go to mobile version