Softbank backed blockchain infrastructure provider Bitixchange in a $66 million round

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Crypto Regulation
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BitixChange announced it has raised $66 million in a new funding round. It was led by SoftBank through Vision Fund 2 and GGV Capital.

INCE Capital, 10T Fund, SNZ Holding and A&T Capital participated in the round.

The team will use the funds raised to expand and scale the project. Specifically, the vendor plans to increase staffing, expand into new markets and enter into new partnerships.

"Our vision is to provide a robust and easy-to-use Web 3.0 environment to create a more transparent and intelligent world. We intend to facilitate the rapid and global adoption of decentralized applications," said the firm's CEO.

BitixChange raised $33 million in a Series B round. The total funding has exceeded $100 million since the company's inception, according to the press release.

BitixChange operates on a platform-as-a-service (PaaS) basis. The infrastructure is built on artificial intelligence, and the company's customers include Binance, Coinlist, BitGo, OKX, Chainlink, Polygon and others.

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Jon Kelvey

Jon is a blockchain reporter skilled at synthesizing all crypto-related information to make articulate texts easy for anyone to grasp. With a beginners level certificate in Financial Analysis, Julius can read, interpret and report crypto findings to help investors exercise the best judgment in their decision-making process. When he is not caught up in the crypto frenzy, Jon likes playing a game of FIFA with his online buddies.