Blockchain Agency XREX Secures $17 Million in Funding

$17 million is raised in XREX’s pre-A funding round.
The pre-A funding round of Taiwan-based blockchain company XREX has raised $17 million to increase the company’s portfolio of fiat currencies, the company stated today. Additionally, the business intends to establish new alliances with top digital wallets and financial institutions. According to XREX’s most recent news release, the blockchain company intends to use the additional funds to purchase more licences. Many fraudulent rings have been found and stopped in the past few months thanks to the assistance of XREX.

Leading fintech investors from Asia, Europe, and the United States, publicly traded corporations, large banks, and venture capital firms made up the global investor consortium that led the recent $17 million pre-A round, CDIB Capital Group.

The CEO and co-founder of XREX, Wayne Huang, commented on the investment announcement, saying, “Our mission is to foster global financial inclusion by leveraging blockchain.” Many of the people on our team were born and raised in the markets in which we do business. We are well aware of the difficulties faced by numerous international retailers who do not have safe access to US currency liquidity.

SBI Investment, Global Founders Capital, ThreeD Capital, E.Sun Venture Capital, Systex Corporation, Metaplanet Holdings, AppWorks, Black Marble, New Economy Ventures, and Seraph Group were among the other investors who participated the pre-A round in addition to CDIB.

By addressing the issue of dollar liquidity shortages in emerging nations, XREX hopes to promote financial inclusion.

Since graduating from our AW 17 accelerator batch in 2018, XREX has experienced growth that has exceeded expectations. We are excited to support them once more,” stated AppWorks Partner Joseph Chan, who is also a board member of XREX. “This round will accelerate XREX’s ability to create a safer and cleaner ecosystem for digital asset owners, traders, and entrepreneurs by combining their unrivalled cybersecurity expertise with cutting-edge compliance technologies.”