Bitget Wallet, Asia’s largest Web3 wallet, announced a joint investment with investment firm Foresight X in Tomarket, a new decentralized trading platform.
This collaboration aims to harness emerging trillion-dollar markets beyond the scope of traditional decentralized exchanges (DEXs).
The investment amount has not been disclosed.
Tomarket, with its innovative approach and backing by industry giants, is poised to redefine asset trading.
Tomarket specializes in the trading of Real World Assets (RWA), crypto asset yields swap, crypto points, pre-TGE assets, and more. These services are geared towards enhancing liquidity and value discovery in underrepresented sectors, setting the stage for a revolution in asset trading.
The funding will be used to propel Tomarket towards becoming a leading platform in the trading of new asset types. Initially available as a Telegram mini-app starting in July, Tomarket promises a user-friendly and accessible approach to engaging with these innovative asset classes.
Additional insights reveal that 2024 marks a significant growth phase for the crypto industry, influenced by events such as the Bitcoin halving and the SEC’s approval of a Bitcoin ETF. Tomarket is designed to address the challenges of liquidity and transaction trust costs that new asset classes face, by providing a comprehensive trading platform.
Alvin Kan, COO of Bitget Wallet, stated, “Trading has always been at the heart of the crypto industry. Beyond traditional token assets, new asset types such as RWAs and points deserve significant attention.
“Through our investment and product collaboration with Tomarket, we aim to explore and develop markets beyond traditional DEXs, driving the growth of new crypto asset trading, thus cementing our dedication to catering to new user needs as they present themselves.”
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