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Tokenize Xchange's Development Arm Buys Blockchain Intelligence Firm Coinseeker for $30M
Titan Lab, the developer of Titan Chain, on which Tokenize runs, plans to incorporate Coinseeker's AI-powered analytics and ratings into its operations
What to know:
- The development arm of Tokenize Xchange has acquired blockchain intelligence platform Coinseeker at a valuation of $30 million.
- Titan Lab plans to incorporate Coinseeker's AI-powered analytics, ratings and other insights into its operations.
- Singapore-based Tokenize is a digital asset exchange serving retail and institutional clients with 24-hour trading volume of just over $250 million.
The development arm of Tokenize Xchange has acquired blockchain intelligence platform Coinseeker in a deal valued at $30 million.
Titan Lab, the developer of Titan Chain, on which Tokenize runs, plans to incorporate Coinseeker's AI-powered analytics, ratings and other insights into its operations, according to an emailed announcement on Tuesday.
STORY CONTINUES BELOW
Singapore-based Tokenize is a digital asset exchange serving retail and institutional clients with 24-hour trading volume of just over $250 million, according to CoinGecko.
Tokenize's native token TKX is trading around 8.2% lower in the last 24 hours at $30.16, CoinDesk data show, underperforming the broader market, which has fallen just over 6%, as measured by the CoinDesk 20 Index (CD20).
Read More: Crypto Bank Sygum Gets Unicorn Status With $58M Round
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
