Forward (Forward) Fintech – Startup Global In blockchain and financial innovation, decentralized finance investments or DeFi, after the successful closing of a seed round of more than 160 million baht or 5 million US dollars. The decision was made to rebrand the DeFi platform from Forward to FWX for the purpose of interpreting the product. “Excellence” and “Experience” are part of FWX’s mission to make the platform ecosystem accessible to all users. and preparing to become a DeFi platform for products such as derivatives (Derivatives) The world’s leading products will be released for use in 2023.
In addition, FWX has initiated a Series A funding round with investment from Singapore’s well-known venture capitalist Kyber Ventures. international
This time, Mr. Chanon Charasutthikul, co-founder and CEO of FWX said, “This change in the name of the brand. It reiterates the position of the platform. and to communicate to users to understand more easily to the form of the product we are working on Although many people view DeFi as in a downturn. but on the contrary Instead, it gave the development team, including FWX itself, some time to focus. and develop this product fully and this change will become one of the important pages in our company’s history. And to build on to other new products in the future as well.
Asst. Prof. Dr. Udomsak Rakwongwan, co-founder and advisor to FWX, added, “FWX has a mission to make the DeFi platform safe, accessible and sustainable. FWX has now passed a technical audit from Two well-known companies are Valix and Inspect, and are auditing with a third company, PeckShield, which is considered a globally trusted auditor. Including creating its own wallet, designed to work with the platform. to reduce the difficulty Moreover, FWX uses a “Real Yield” rewards model for users, where the money used as a return comes from the platform’s business model profits. Sustainable
About FWX
FWX is a digital asset and blockchain fintech startup. Currently, FWX is in the process of researching and developing a decentralized digital asset derivatives trading system. (Decentralized Derivative Exchange) and a centralized digital asset financial service system. (Decentralized Finance) consisting of borrowing (Borrowing) and deposit (Lending) under a newly invented protocol called Automated Position Hedger (APH) Protocol.
About Kyber Ventures
Kyber Ventures is the investment arm of the Kyber Group focused on Web3 Tech, with popular products such as the leading KyberSwap DEX and Krystal, an all-in-one non-custodial Web3 wallet.
Founded and run by the creators of OG web3, Kyber Ventures aims to support entrepreneurs in building the world’s next giant. Decentralized