PANews reported on March 31 that according to Crowdfundinsider, Singapore-based digital asset infrastructure provider BetterX announced the completion of S$2.3 million (approximately US$1.7 million) in Pre-Series A financing to support its expansion in Asia, the Middle East and the United States. This round of financing attracted new investors, including Grand Prix Capital, Aument Capital, and angel investors such as Sabrina Tachdjian of the HBAR Foundation and Riaz Mehta of Crypto Knights. Existing supporters, including Aura Group and Tibra co-founder Kinsey Cotton, also participated in this round of financing. Previous investors Scalare Partners, Wholesale Investor, B7 Capital and the founders of Audacy Ventures also participated in this round of financing.
According to reports, BetterX was founded in Singapore and provides institutional-grade infrastructure for the tokenization, trading and portfolio management of digital assets. The company aims to provide compliant and scalable solutions for financial institutions, including wealth managers and licensed intermediaries. The company's platform supports the issuance and management of tokenized financial products, digital asset trading infrastructure and custody solutions.
