Tokengate Closes chf 3.6 million Seed Financing Round while expanding to UAE
Tokengate closes a CHF 3.6 Million seed financing round, receiving investor interest three times the capital available in the round. The funding will expand technology and fuel an expansion to the UAE, and further Tokengate’s mission to simplify the world of blockchain, tokenized assets and the Metaverse.
After incubation at its parent company Inacta Ventures Ltd. from 2018, Tokengate (“DSENT AG”) closed a 7-digit CHF seed funding round with a consortium of investors. Among others, Tokengate welcomes Zug-based investment company CV VC (Crypto Valley Venture Capital) and California-based blockchain venture fund Draper Goren Holm to its strategic group of investors.
“We’ve been talking about tokenizing a broad mix of industry verticals for a long time and finally there is a team at Tokengate who are experts and can deliver. I’m proud to be a part of this remarkable group of people developing the blockchain ecosystem and the token market internationally.” said Josef Holm, Founder Draper Goren Holm.
Tokengate is applying the raised capital to further expand the teams in Switzerland and in the UAE. The vibrant and growing blockchain ecosystem “Crypto Oasis” of the UAE is the latest addition to the company’s growing market presence. Tokengate aims to become a fully regulated entity under the newly introduced framework regulating virtual assets in the United Arab Emirates.
In addition to obtaining regulated status, the next steps for growth are further strengthening relationships within the global blockchain ecosystem, driving the global tokenization market and expanding into additional industry verticals. Target verticals include art and collectibles, memberships and company stakeholder rights, and ultimately commodities as well as access and other rights in the real estate sector.
Tokengate plans future financing rounds to continue accelerating the next growth phases and is already in discussion with interested investors active in the field of blockchain and tokenization.