AscendEX Becomes Part of the Eterna Capital Portfolio
We are excited to officially announce our recent investment into AscendEX.
The digital asset exchange landscape is a catalyst for blockchain adoption, onboarding millions of new users into crypto and expanding financial capabilities on a global scale.
In a highly competitive market, AscendEX is a rare opportunity to invest in an established crypto exchange with a strong team, multiple avenues to drive growth and an alignment with the broader digital asset ecosystem.
We are pleased to share our recent investment in AscendEX’s strategic $50M Series B round which was co-led by Polychain Capital and Hack VC, and saw participation from Jump Capital, Alameda Research and other industry leading investors.
Previously known as BitMax, the Singapore based crypto platform rebranded to AscendEX in March of this year. The exchange was founded by a group of Wall St. veterans in 2018 and has since serviced millions of crypto investors, traders and token issuance.
‘With a new starting point, we strive to be a leading digital asset financial platform by building upon the core advantages of a centralized trading platform with further DeFi integration, ultimately ascending to the height of the digital asset industry.’
AscendEX offers its retail and institutional customers full-service spot, margin, and futures trading capabilities. The team has applied traditional financial market rigor to create a robust, secure, and reliable experience for all participants.
Users can also access on-platform DeFi tools to achieve yields and participate in decentralized lending, liquidity pools and derivative protocols. AscendEX Earn is the platforms hub for staking and yield farming and expanding its DeFi offerings is a key focus moving forward for the team.
“Building a bridge to the DeFi ecosystem has allowed AscendEX to differentiate itself from other cryptocurrency exchanges and has made the platform a popular destination for innovative DeFi projects”, explains Shane Molider, global head of business development.
In addition to its suite of CeFi-DeFi products, AscendEX has hosted multiple initial exchange offerings (IEOs). Serum, Oxygen, and Akash are a few examples of projects that have used exchanges platform to launch their token.
The raise will help AscendEX enter into international markets, expand its management team and focus on CeFi-DeFi innovation. The Eterna Capital team is proud to take part in AscendEX’s growth and support their mission to make robust financial products and the crypto asset class available to users around the world.
Eterna Capital seeks to make high conviction investments and we are excited to now include AscendEX as part of the portfolio.
About AscendEX
Headquartered in Singapore, AscendEX was first launched in August 2018. Rooted in the blockchain industry, AscendEX has serviced millions of global crypto investors and traders with high-quality digital assets and comprehensive product offerings. It is also worth mentioning that the ASD, the native utility token of AscendEX, ranks among top 100 crypto assets by market capitalization. Currently, the platform lists over 200 digital assets from a wide range of industry-leading blockchain projects thanks to its forward-looking vision and disciplined approach toward listing due diligence. AscendEX has ranked among top 3 global trading platforms by ROI, based on industry research data.
For more information, visit ascendex.com/en/global-digital-asset-platform
About Eterna Capital
Eterna Capital is a London-based investment company focused on blockchain technology. Eterna Capital supports entrepreneurs that envision bold innovative ideas, and have the plan in place to make them happen. Eterna Capital is committed to help them reach their ambitious goals by providing unique insights and support.
For more information, visit www.eternacapital.com
Disclaimer: This post is for general information purposes only. It does not constitute investment advice or a recommendation or solicitation to buy or sell any investment and should not be used in the evaluation of the merits of making any investment decision. It should not be relied upon for accounting, legal or tax advice, or investment recommendations. This post reflects the current opinions of the authors and does not necessarily reflect the opinions of Eterna Capital, its affiliates, or individuals associated with Eterna Capital. The opinions reflected herein are subject to change without being updated.
