HTC, Alibaba Lead $3M Fundraising for Bitmark

Asia Blockchain Review
September 13, 2019
HTC, Alibaba Lead $3M Fundraising for Bitmark

Major tech corporations HTC and Alibaba have joined a US$3 million fundraising round for Bitmark, a startup that secures digital property rights using blockchain technology, according to CoinTelegraph.

Bitmark to Expand Marketing Operations

Bitmark announced the Series A fundraising round’s success in a press release made public on September 3rd. According to the release, Taiwan’s HTC led the round along with Chinese e-commerce giant Alibaba, venture capital firm WI Harper, and Digital Currency Group, an investment company with a focus on cryptocurrencies and blockchain.

The release indicated that the US$3 million would be put to sales and marketing activities by Bitmark. Its clients include the likes of Asia’s largest music network KKBOX, pharmaceuticals giant Pfizer, and the University of California, Berkeley. 

Bitmark Seen as Gateway to Blockchain Development 

Phil Chen, Chief Officer for Decentralization at HTC, explained that the Taiwanese firm’s decision to join in the fundraising aligns with HTC’s desire to invest in blockchain technology.  

“Bitmark’s system for digital property rights greatly expands the promise of blockchain technology by assigning unique ownership for digital assets of all types,” said Chen, calling the technology “an important step in growing the blockchain ecosystem.”  

HTC has made clear its intentions to become blockchain friendly and offer crypto functionality to its users.  The phone maker is poised to release its second blockchain handset, the Exodus 1S, later this year. The Exodus 1S will reportedly become the world’s first smartphone with full node capability.

Source: cointelegraph.com


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

Related Article
China Merchants Bank International Partners with Nervos to Develop DApp
China Merchants Bank International has announced its entry into the blockchain space, teaming up wit...

October 14, 2019

Vanguard Group Tests Blockchain-Powered Forex Trading Platform
The Vanguard Group is testing a blockchain platform that will allow asset managers to trade currenci...

October 14, 2019

South Korea’s Shinhan Card Adopt Blockchain Platform for Payments
South Korea’s Shinhan Card has revealed its plan to introduce a blockchain platform that will suppor...

October 13, 2019

We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us