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The Singapore-based company, Crypto.com, has hired the former TechChurch and The Ken reporter, Jon Russell as their Asian-based general partner. And with this new development, they hope to expand Fund further. Crypto.com’s $200 million Web 3 fund came into existence in March 2012. As of Monday, intending to expand via the venture arm of investing in Series A stages, project at seed and crypto startups, has grown expectedly. Russell, during an interview, made known that the fund is believed to rise to double its current size and will be announced in a few days. Crypto.com is still hiring GP’s, but with the help of Russell, the fund’s acknowledgment will extend to that Asia-based project. Though Bobby Bao, Crypto.com co-founder, currently runs the fund. Things To Know About Jon Russell Jon Russell is a Uk citizen based in Bangkok. He has lived in Thailand since 2008. In 2014 Jon Russell became a reporter for TechChurch focused on all tech-related issues in Asia. Especially all the major names in India, China, and Southeast Asia. Related article | Sports NFT Marketplace Lympo Suffers An $18.7 Million Hack With this, he changed the daily life of people across Asia. And his knowledge and influence in the tech and crypto field are precisely one of the reasons Crypto.com has hired him as one of their General partners in Asia. Crypto.com Expansion in Asia The Capital prior investment of Crypto.com comprises liquidity provider Woo Network and the first fractional-algorithmic stablecoin protocol Frax Finance. VCs to allocate stock to the ecosystem regardless of the bear market. This leaves Sino Global Capital opening to outside investors through a $200 million fund and FTX ascertaining a $2 billion investment. On June 17, 2021, Crypto.com was integrated into the biggest and most effective digital asset transfer network for institutions, Fireblocks Network. And this helper, Crypto.com, reaches about 400+ institutional participants in their network, thereby helping them grow trading volume and global level. In addition, one of the largest banks in the Singapore region, DBS Bank, is now operating a crypto trading desk. And recently, a majority stake in Thai cryptocurrency exchange Bitkub was amassed by Siam Commercial Bank (SCB), Thailand’s bank. Innovation Officer Mukaya Tai and SCB 10x Chief Venture have proclaimed that she foresees world DeFi protocols have interposed banks. Huge institutional yearning for digital assets is quickly growing in Asia. Related article | Largest DeFi Hack Yet? BadgerDAO Hack Results In Loss Of $120M+ Crypto has earned about 2 million transactions and USD 1 billion in TVL and spotlighting projects like VVS Finance and a couple of others. Moreover, Crypto.com motivated developers to build on Cronos via the Cronos Bounty Programme. It will grant USD 1,337,133.7 as the biggest reward and a Hackathon. Featured Image From Twitter

"In a gold rush, sell the shovel" - that is precisely what this Singapore- based blockchain startup is doing to catch the attention of investors around the world.

SUBX FINANCE LAB ($SFX) is a blockchain-as-a-service provider for businesses to integrate web3 technologies into their products and services. The firm provides businesses with the tools to innovate with blockchain, metaverse and decentralised finance technology.The global blockchain market size is expected to grow from USD 3 billion in 2020 to USD 39 billion by 2025. 60% of CIOs across sectors are on the verge of integrating blockchain into their infrastructure.

Founded by tech consultants Adam Ihsan and Joe Kawai, the firm has the vision to drive the effective adoption of blockchain technology in a fast and cost-effective manner. Their products are easy-to-deploy and can be integrated into existing products and processes, allowing businesses of all sectors to leverage this new technology.

Last November, the firm listed an initial exchange offering and was over- subscribed - filling their hard cap of USD 1.2 million in mere minutes. They have put together a 15-person team within a month, hiring the brightest minds from management consulting and big tech.

Blockchain development is capital intensive, and not all businesses have the resources and means to explore this  powerful   technology.  The  firm remedies this painful problem by offering products that businesses can obtain at significantly lower costs. This business model has been termed "blockchain-as-a-service" by industry professionals.

The firm has launched two products and is on schedule to release ten more in the coming months. Their products include a no-code NFT minting solution and a no-code platform for businesses to create their custom blockchain token. More information about their products can be found on their whitepaper at https://subx.finance/wp.

These products are also compatible with the most popular blockchain networks. This includes the Ethereum network, Binance Smart Chain, Polygon Network, and the new Cronos Chain operated by Crypto.com. The firm is also releasing a white-label platform where businesses and individuals can resell products under their own brand.

The firm has its native token, $SFX, which businesses can purchase to access its products. Individuals can also purchase and stake the tokens, receiving 80% APY in rewards. $SFX can be purchased on Pancakeswap and the Probit Global Exchange - and soon with VISA and MASTERCARD.

According to an interview conducted with the CEO, he mentioned that the firm would focus on forming high-profile partnerships with enterprises around the globe. They will also tighten the integration of their products, ensuring that $SFX plays a central role in their ecosystem - with the intention to super-scale the price action of $SFX.

If you are interested in innovating with blockchain technology or are an investor/advisor looking to reach out to the team, please get in touch with Adam (CEO) or ZeMin (CMO) in the emails provided below.

Follow their Telegram, Discord, Twitter, Instagram, Facebook, and their official website and whitepaper for more updates.

Media Contact:

Company: SUBX PTE LTD

Contact: Adam Ihsan / ZeMin Chen

Email: [email protected] / [email protected]

Website: https://subx.finance