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Tokinvest Raises $500k Pre-Seed Funding

9 July 2024 | Fundraise, News

Dubai, United Arab Emirates - 9 July 2024 - Today, Tokinvest announced it has raised $500,000 in pre-seed funding from several strategic investors.

Tokinvest is a pioneering marketplace that connects real-world asset issuers with investors globally. The advanced platform simplifies the investment process by creating virtual tokens representing rights to assets and providing comprehensive lifecycle services from ideation to trading to asset servicing.

"We believe in Tokinvest's vision of setting standards in the real-world tokenisation industry. Their approach not only meets the highest legal and compliance levels but also aligns with current demand by providing accessibility to the most desirable assets for all investors. We are thrilled to be part of this exciting growth period for the company," said Michael Ourabah, CEO at BSO and one of Tokinvest's strategic investors. 

The pre-seed funding round garnered strong interest from strategic investors who recognised the potential of Tokinvest's scalable, regulated platform. The funds will be used to enhance the platform's technological infrastructure, expand the team, and accelerate market penetration. 

Scott Thiel, CEO of Tokinvest, adds, "We are immensely grateful for the trust and support from our early investors. This funding fuels our technological and operational development and solidifies our strategy to lead in the real-world asset tokenisation space. We are excited about the opportunities that lie ahead and are keenly focused on launching our marketplace later this year.”

Building on the momentum of this initial fundraising success, Tokinvest has now opened its next funding round. This upcoming round aims to attract further investment to scale operations, expand its global reach, and continue innovating within the real-world asset tokenisation market.