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Gitumani Talukdar
Dec 6, 2021
by Gitumani Talukdar

Singapore Blockchain Startup Acclaimed $1.2 Million in Less Than 3 Minutes

Singapore Blockchain Startup
On December 5, 2021, Globe Newswire stated, "In a gold rush, sell the shovel," Singapore-based blockchain startup is doing exactly the same to draw the attention of investors globally."

SUBX FINANCE LAB ($SFX) is a digital ledger assisting businesses to join web3 technologies into their products and services. For innovating blockchain, metaverse, and decentralized finance technology, the firm bestows businesses with the necessary tools. 

USD 1.2 Million for Singapore Blockchain Startup

Globally, the Blockchain market's magnitude is expected to witness growth from $3 billion in 2020 to $39 billion by 2025. 60 percent of CIOs across sectors are already into the idea of merging blockchain into their infrastructure.

The co-founders - Adam Ihsan and Joe Kawai hold the vision of operating blockchain technology in a fast and cost-effective manner. Their firm's products can easily be established and integrated into existing products and processes letting various sector businesses support this new technology.

In November 2020, the firm scheduled an exchange offer. This initial exchange offering witnessed an over-subscription worth $1.2 million in just a few minutes. A team of 15-person was assigned by the firm; where only the sharpest minds from management consulting and big tech were appointed.

A No-Code Platform for Businesses 

Blockchain had recently launched two products and it'll soon instigate ten more in the next few months. The firm's products will count in a no-code NFT minting & a no-code platform for businesses to develop their custom blockchain token. 

The firm's to-be-launched products are compatible with the desired blockchain networks; such as Ethereum network, Binance Smart Chain, Polygon Network, and the new Cronos Chain operated by Crypto.com. 

As per an interview organized with the firm's CEO, he revealed, "The firm will now focus on designing high-profile partnerships with enterprises globally." 

Moreover, the firm will launch a white-label platform availing businesses and individuals to resell products under their brand.

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Singapore Blockchain Startup Acclaimed $1.2 Million in Less Than 3 Minutes
Gitumani Talukdar
Gitumani is a blockchain enthusiast as she keeps a tab on the recent happenings pertaining to the crypto industry. She aims to provide quality content in blockchain and crypto domain. She is a financial content writer too and has worked on several financial projects related to the stock market news, fundamental research, and technical analysis for several websites.

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