Vertex Ventures officially announced investment in the largest cryptocurrency exchange - Binance - as reported on the official website of Temasek Holdings.
On October 23, 2018, Vertex Ventures officially announced support for the expansion of the Binance exchange in the Singapore market. As you know, Vertex Ventures is a subsidiary of the Singapore-based state-owned investment corporation called Temasek Holdings, which manages $ 223 billion in assets. Vertex Ventures was founded in 2015 as a global network of operator investors who manage stock portfolios in China, India, Israel and the USA, as well as in Southeast Asia.
The focus of Vertex Ventures is early investment.
“We need to look forward to create an ecosystem of blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details and work with all interested parties in Singapore to support innovation in the local financial space.” – Wei Zhou, Finance Director at Binance
According to VertexVentures, the investment development of Binance is a joint effort of Vertex Ventures China and Vertex Ventures in Southeast Asia to popularize the blockchain technology and expand the opportunities of the cryptocurrency market.
Editor: Yuliya Soroka