Dubai, UAE – July 15, 2024 – Tokinvest, a pioneering marketplace for real-world asset tokenisation, has announced the successful completion of a $500,000 pre-seed funding round. This round attracted several strategic investors, including Michael Ourabah, CEO of BSO, underscoring strong confidence in Tokinvest’s innovative platform and future potential.
Tokinvest offers a cutting-edge marketplace that bridges the gap between real-world asset issuers and global investors. By creating virtual tokens that represent rights to physical assets, Tokinvest simplifies the investment process. The platform provides comprehensive lifecycle services, from ideation to trading to asset servicing, ensuring a seamless experience for users.
“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.
The raised funds will be instrumental in enhancing Tokinvest’s technological infrastructure, expanding the team, and accelerating market penetration. This strategic investment aims to solidify Tokinvest’s position as a leader in the real-world asset tokenisation market.
Scott Thiel, CEO of Tokinvest, expressed gratitude for the early support: “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.”
In addition to this pre-seed success, Tokinvest has now opened its next funding round. The upcoming round aims to attract further investment to scale operations, expand its global reach, and continue innovating within the real-world asset tokenisation market.
This news follows an earlier announcement that Tokinvest has secured initial approval for licensing from the Government of Dubai Virtual Assets Regulatory Authority (VARA). The licensing remains subject to the fulfilment of pre-operating conditions and qualifying for operational approval.
For more information about Tokinvest and its innovative approach to asset tokenisation, visit Tokinvest’s website.
