In a $30 million deal, Titan Lab by Tokenize Xchange (Tokenize), the blockchain development division of the Singapore-based digital asset platform, purchased Coinseeker, a Singapore-based startup that specializes in blockchain venture intelligence and incubation services powered by artificial intelligence (AI).
According to a statement released by the two companies on Tuesday, this acquisition strengthens Titan Lab’s capacity to provide cutting-edge solutions to institutional users and blockchain founders.
Tokenize’s blockchain backbone, Titan Chain, was developed by Titan Lab, which will integrate Coinseeker’s AI-powered analytics, project ratings, and actionable insights into its business processes.
With the help of these features, Titan Chain project founders will have access to exclusive tools and operational assistance that will enable them to spot market opportunities and develop creative, competitive solutions.
Titan Lab’s dedication to effectively enabling project founders to successfully bring projects to market is further demonstrated by its $100 million developer grant and incubator program.
In a seed round backed by TRIVE Digital, Presto Labs, and Aquanow Digital, Coinseeker, which was founded in May 2023 by Patrick Soh and Jon Ren, raised $1 million.
The company uses AI-driven technology to aggregate, validate, and index blockchain-related private market deal intelligence. It has partnered with industry leaders that span blockchain foundations, protocols, and government organizations, such as the DFINITY Foundation, Pixelmon, and TABEI.
Institutions now have the means to handle the intricacies of blockchain’s main markets thanks to its strong analytics and creative data aggregation.
Titan Lab’s capacity to provide precise, useful insights for wise, data-driven investment decisions is improved by this acquisition.
The statement claims that recent transactions such as Chainalysis purchasing AI startup Alterya demonstrate the boom in AI-focused mergers and acquisitions in the blockchain sector.
Access to specialized talent, more open regulatory frameworks, and strategic expansion are the main drivers of this trend.
Titan Lab and its Titan Chain ecosystem are well-positioned to take advantage of these opportunities and solidify its market leadership thanks to the Coinseeker acquisition.
“This partnership represents a major milestone for Coinseeker and our users, enabling us to expand our value proposition and deliver impactful solutions on a larger scale,” said Jon Ren, Co-Founder of Coinseeker.
Tokenize Xchange’s founder and CEO, Hong Qi Yu, stated that the Titan Chain ecosystem will benefit greatly from the acquisition of Coinseeker.
“Integrating their expertise and tools brings us closer to creating a blockchain environment that empowers project founders and institutional users,
“This is just the beginning of what we can achieve together,” he added.
Involved in Web3 innovation, Titan Lab is dedicated to influencing the direction of decentralized technologies.
Using research and development, Titan Lab, a sister company of Tokenize Xchange, a digital exchange platform, develops solutions that enable people and organizations in the constantly changing digital landscape.
