Xspring Capital invests USD 3 million through ER XSpring Ventures Fund 1 To invest in a Series B round in tZERO, the future financial technology company. Token Market Leader It is one of the companies that ICE, the world’s leading stock exchange operator such as the NYSE, has chosen to invest in. We hope that this investment will create opportunities for growth and good returns in the future. from sharing knowledge and technology Confident that the token is still an asset that can grow far. because of having assets backed There are fundamentals that have real value.
Ms. Warangkana Akrasataporn, President of Xspring Capital Public Company Limited or XPG, revealed that ER Xspring Ventures Fund 1 (ER XSspring Ventures Fund 1) is a fund which was co-founded. XPG participated in tZERO’s Series B fundraising round (tZERO) as a strategic investment that will generate good returns in the future through development cooperation. and operate business related to digital assets effectively Because Intercontinental Exchange (ICE), a leading global stock exchange management and clearing house including providing database systems, technology and services related to listing on various stock exchanges Known as a well-known stock exchange company, The New York Stock Exchange (NYSE) has also chosen to invest in partnership with tZERO because it sees the growth potential of tZERO expanding with its mass numbers. invest and more operators who have come to use tZERO’s services from around the world
In addition, tZERO’s executive experience, who was the head of ICE’s management strategy for a long time before joining tZERO. Given ICE’s reputation for managing the NYSE well, it is believed that ICE executives will be able to: It manages the digital assets as well.
tZERO is a financial technology company. Founded in 2014, it is outstanding in Blockchain innovation as a liquidity enhancer for digital asset businesses. It selects Unique Private Assets, Digital Assets, and Non-Fungible Tokens (NFTs) on its digital asset trading platform services. according to the needs of entrepreneurs, companies, individual investors and institutional investors provide equal access to the capital market by creating a more efficient, accessible and transparent marketplace. In line with tZERO’s commitment to innovation leadership in long-term investment finance, all tZERO investment finance transactions are regulated by the US SEC.
“We see tZERO as having great potential and attractiveness. From the business that has the opportunity to grow and the trend of Digital Token with assets backed (Asset Backed Token) will grow a lot. Because it is an asset that has fundamentals to support it. which is popular and accepted by investors with experience As an innovator in the use of blockchain technology and liquidity enhancement, XPG sees this investment as a long-term growth opportunity. from the exchange of knowledge and technology to grow In particular, tZERO has a close relationship with ICE, which has several global stock and exchange businesses. It will provide opportunities for cooperation in sharing knowledge and technology. This will create an experience in connecting the digital finance of the East and the West together,” said Ms. Warangkana.
About ER XSpring Ventures Fund 1
ER XSpring Ventures Fund 1 is a venture capital fund managed by Elevated Returns and XSpring Capital that invests in companies. that develops infrastructure for digital assets and digital asset ecosystem It will invest in companies from Seed to Series B.
About ICE
Intercontinental Exchange (ICE), a leading stock exchange management company, operates in the global financial sector, including stock exchanges such as the New York Stock Exchange, commodities, futures markets, and stock markets. including investing in digital asset trading platforms In addition, ICE owns and operates several world-renowned accounting firms.
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