Tokenization

Venture Capital Firm Sigma Capital Launches $100M Fund for Web3 Startups in UAE

Thursday. January 16 at 3:00 AM

1 min. read

Cryptocurrency venture capital firm Sigma Capital has introduced a $100 million investment fund aimed at supporting Web3 startups in the United Arab Emirates and globally. The fund will focus on early-stage Web3 companies, liquid tokens in decentralized finance, blockchain infrastructure, metaverse, gaming, and real-world asset tokenization markets. Additionally, fund-of-fund allocations will be utilized for portfolio diversification. The fund will be overseen by Vineet Budki, former CEO of Web3 venture firm Cypher Capital. The UAE's emergence as a blockchain hub was highlighted by Polygon founder Sandeep Nailwal, citing favorable policies and talent influx. The surge in crypto venture capital funding, reaching $13.6 billion in 2024, indicates a thriving market. Galaxy Research predicts a 50% increase in crypto VC activity by Q4 2025, with RWA tokenization as a key trend. HashKey Capital CEO Deng Chao also anticipates significant growth in RWA tokenization, potentially reaching $30 trillion in the next five years.

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Venture Capital Firm Sigma Capital Launches $100M Fund for Web3 Startups in UAE

Thursday. January 16 at 3:00 AM

Tokenization

Real-World Asset Tokenization Platform Brickken Secures $2.5M Seed Funding

Thursday. January 16 at 1:00 AM

Barcelona-based Brickken, a real-world asset (RWA) tokenization platform, recently closed a $2.5 million seed funding round, boosting its post-money valuation to over $22.5 million. RWA tokenization involves minting financial and tangible assets on a blockchain ledger, enhancing investor access and trading opportunities. The successful funding announcement on Jan. 15 marked a significant milestone for the Europe-based platform. Notable participants in the seed round included Psalion, Ergodic Fund, SNZ Capital, Blue Bay Ventures, Mocha, and Hodl Ventures. Brickken plans to utilize the raised capital for European expansion and to revolutionize asset management through blockchain technology. The platform has witnessed high user demand, tokenizing assets worth over $250 million across 14 countries in less than two years since its launch in March 2023. Brickken is also the official tokenization provider for Binance’s BNB Chain. Industry experts foresee substantial growth in RWA tokenization, with predictions suggesting a market size ranging from $4 trillion to $30 trillion by 2030.

Tokenization

Bitfinex Derivatives Secures DASP License in El Salvador

Wednesday. January 8 at 5:00 PM

Bitfinex Derivatives, the derivatives arm of crypto exchange Bitfinex, has obtained a Digital Asset Service Providers (DASP) license to operate in El Salvador. The approval of the DASP license has led to the firm's decision to move from Seychelles to El Salvador. Paolo Ardoino, the chief technology officer of Bitfinex Derivatives, emphasized the significance of this move, highlighting El Salvador's emergence as a global financial center. El Salvador has been actively working on establishing new crypto regulations to position itself as a crypto hub. Bitfinex Securities, a subsidiary of Bitfinex, recently acquired a local DASP license in compliance with El Salvador's Digital Assets Securities Law. The licensing framework in El Salvador enables companies to tokenize various assets, facilitating capital raising and investment opportunities. Despite facing challenges, such as a failed tokenization project for a Hilton hotel, Bitfinex Securities remains committed to leveraging El Salvador's regulatory environment for innovative financial offerings.

Tokenization

Rexas Finance: The Next Shiba Inu of 2025

Sunday. January 5 at 2:00 AM

Shiba Inu's remarkable rise in the cryptocurrency market has set a benchmark for new tokens seeking success. Rexas Finance (RXS) emerges as a promising contender at $0.175, attracting attention from SHIB whale investors. By focusing on tokenizing real-world assets, RXS stands out in the crowded crypto space, bridging the gap between blockchain technology and tangible assets. The token's presale success, priced at $0.175 and exceeding $34.31 million, reflects strong investor demand and community support. With the involvement of SHIB whale investors, RXS shows potential for unprecedented growth in 2025. Its emphasis on asset tokenization, accessibility, and real-world application positions it as a significant player in the crypto market. Rexas Finance (RXS) presents a unique opportunity for investors seeking substantial returns and meaningful investment in the future.

Tokenization