Singapore-based B2B digital asset platform BetterX has successfully finalized its pre-Series funding round, accumulating approximately S$2 million (around $1.72 million). This financing involved contributions from both new and existing investors.

Adam Switzer, Co-Founder and CEO of BetterX, expressed, “Given the rising institutional acceptance of digital assets, we aim to supply wealth managers with seamless, compliant, and institution-grade solutions to integrate traditional finance with the digital asset environment.”

The round introduced fresh investors, such as Scalare Partners, Wholesale Investor, B7 Capital, and the founder of Audacy Ventures. Continued investment came from companies like Aura Group and Kinsey Cotton, co-founder of Tibra, alongside others like Sydney’s Grand Prix Capital and Singapore’s Aument Capital. Noteworthy angel investors include Sabrina Tachdjian and Riaz Mehta.

Recent data by The Tie indicates that 137 crypto firms received a total of $1.11 billion in February, with DeFi projects raising $176 million across 20 initiatives. Overall, eight business providers acquired a total investment of $230 million as investor focus shifts toward companies specializing in security services, payments, and AI.

Increase in On-chain Funding: BetterX Joins the Trend

Founded in 2021 by Adam Switzer, Eric Chau, and Kinsey Cotton, BetterX offers institutional-grade infrastructure for tokenization, trading, and portfolio management, allowing clients to securely manage digital assets.

With its Australian operations now profitable, BetterX plans expansion into Asia, the Middle East, and the U.S. backed by the recent funding.

Their fundraising announcement accompanies significant investment news from Binance, which recently received $2 billion from MGX and Mesh, a San Francisco-based crypto payment network, which closed an $82 million series B funding round made entirely in PYUSD stablecoins.

“This investment from MGX marks a pivotal moment for the crypto sector and Binance. Together, we are crafting the future of digital finance,” said Richard Teng, CEO of Binance.

---

Best Crypto To Buy?

As the crypto market evolves, MEMEX emerges as a potential investment opportunity, particularly noted for its focus on meme coins and indexing tools, enabling investors to spot the next significant trends. Currently priced at $0.0166883, MEMEX’s presale has raised over $4 million and offers staking rewards of over 560%. The presale is nearing its conclusion, urging interested individuals to engage before it’s too late.

For updates and more information, visit Meme Index Here.