Hong Kong-based blockchain agnois startup Liquefy closes $2.6m Pre-A funding round

After being founded in late 2018, Liquefy, the company that boast bringing about innovation through tokenization, has raised over $3m with $2.6m of that money being raised in its latest round.

The Pre-A funding round was led by Ideanomics, the deal origination FinTech company, and NEO Global Development, the blockchain-powered smart economy network. Other notable investors included Kenetic, the venture capital firm, and East Chain, the investment firm.

“We are thrilled to attract investors that could add strategic value with our rapid expansion in Asia,” said Adrian Lai, CEO of Liquefy, “we will be extending our presence in three more markets this year.”

Liquefy is a blockchain agnostic issuance platform for security tokens and primarily focus on real estate. At the moment, it has assets in Hong Kong, the United States of America, the United Kingdom and the Middle East in the pipeline for tokenization.
However, the Lai is currently looking into opportunities for tokenization in the exotic asset space, such as sport teams and racing horses. “These are definitely avenues we intend to pursue this year,” the CEO said.

This avenue is something Saoud Al-Humaidhi, founder of East Chain, is particularly interested in. He said: “Tokenization will be the next wave of application and growth for the technology. We will see lots of value creation in both traditional assets and non-traditional assets such as Premier League football teams.

Kenetic’s co-founder and managing partner Jehan Chu added to that sentiment, saying, “Liquefy is pioneering real adoption in the security token space by facilitating major enterprise and corporate clients to tokenize their interests. Their leading effort in Asia is the push the security token industry needs to start the global engine.”

Copyright © FinTech Global 2019

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