[ Ethereum-based Digix​ ​closes​ ​seed investment​ ​round​ ​with​ ​Global​ ​Brain​ ​and Fenbushi​ ​Capital ]

Digix raised $1.25M in its seed round led by Japanese VC Global Brain, and joined by Fenbushi Capital, Asia’s most active blockchain-focused venture capital fund.

Digix, the very first asset tokenisation company built on Ethereum, has raised $1.25m in its seed round, led by Japanese VC Global Brain, and joined by Fenbushi Capital, Asia’s first and most active blockchain-focused venture capital fund.

Digix 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, said a statement.

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.

Speaking about the investment, Kai C. Chng, the CEO and Co-Founder of Digix, said: “It is with pleasure that I welcome the two VCs on board. They are well versed with the new token economy and will work with us to ensure the success of our asset tokenisation platform and the decentralised 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.”

Funding  Seed
Founded  2014
Country  Singapore
City  Singapore, Central Region
Founder / CEO  Kai C. Chng
Deal Size  $1,25M
Investors  Global Brain Corporation
 Fenbushi Capital
Previous Investors  /