MEDIA RELEASE September 30, 2019: Infinity Blockchain Holdings has invested in Asia-Pacific digital currency exchange provider Zipmex.Singapore-headquartered Zipmex has quickly soared to a valuation of US$18 million since launching earlier this year.
The company has just launched country-centric exchange platforms in Indonesia and Australia.
“With backing from such an established group within the blockchain industry, we will accelerate our Asia-Pacific expansion plans, with a license-application underway for a Thailand-centric exchange,” said Marcus Lim, co-founder and CEO of Zipmex.
Infinity Blockchain Holdings comprises Infinity Blockchain Ventures, a blockchain consulting and development firm, as well as Infinity Blockchain Labs, which specialises in blockchain technology applications.
Zipmex will also work closely with Infinity Blockchain Holdings to explore synergies across community awareness and blockchain solutions for B2B and B2C clients, with the potential for future capital-related activities.
“Together with our investment in digital currency exchanges like Zipmex, which is expanding its business and network across Asia, we hope to shape the industry standard and develop a compliant and safe environment for investors with our partners,” said Cris D. Tran, Regional Head of Infinity Blockchain Ventures. “This is our goal.”
Zipmex has received support from some of Asia’s most prominent finance leaders, with advisory board members including Dr Sathit Limpongpan, former chairman of Stock Exchange Thailand, and Professor Dr Chaiya Yimwilai, Vice Minister to the Deputy Prime Minister of Thailand.
Zipmex has also received investment from AEC Securities Public Company in Thailand that specialises in securities and investment banking.
“Zipmex brings significant financial knowledge and expertise to the cryptocurrency market and a proven track record of funds management on both our core team and our advisory board,” Lim said.
Zipmex aggregates volume from some of the world’s largest exchanges and OTC desks, aiming to provide significantly higher liquidity and the most competitive prices for users.
The company has already partnered with several industry bodies to help legitimise its offerings in the cryptocurrency market, including with Indonesian fintech leader ALTO Group.
“Zipmex’s partnerships and steps towards self-regulation align with our aim to bridge the gap between the worlds of traditional finance and cryptocurrency, to be the Asia Pacific’s most trusted and legitimate digital assets exchange,” Lim added.
Zipmex is a regulated digital currency exchange provider which is seeking to become a market leader in the Asia Pacific region by offering fast trades, high liquidity and a broad choice of cryptocurrencies.
Zipmex is a digital currency exchange provider in the Asia Pacific region, offering faster trades, higher liquidity and a greater choice of assets. Zipmex offers 24/7 support, a suite of advanced trading features and charting tools, and a platform that provides users with access to a liquid market for a wide selection of cryptocurrencies. Zipmex was co-founded by serial entrepreneur Marcus Lim, who previously co-founded online marketplace Oneflare. In 2016, Fairfax Media purchased a 35 per cent stake in Oneflare for AU$15 million.
About Infinity Blockchain Holdings
Singapore-headquartered Infinity Blockchain Group comprises more than 300 developers, researchers, designers, and marketers. The Group’s R&D base, Infinity Blockchain Labs, specialises in blockchain technology applications across Asia. Infinity Blockchain Ventures is a consulting and development firm dedicated to providing practical blockchain solutions including development support, incubation and acceleration facilities, as well as venture capital funding.
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