Chain Debrief, a Singapore-based media platform dedicated to crypto, announced Tuesday that it closed a $900,000 seed funding round.
The round is led by angel investor Sim Jian Hong and supported by institutional investors QCP Capital, Gecko Ventures, Double Peak Group and Coinhako, Chain Debrief said in a statement.
Senior executives from Defiance Capital, Xfers, Mintable and other individual investors in the crypto space also participated in the funding round.
With the seed funding, Chain Debrief plans to expand its platform and continue building products focused on helping users to understand the crypto space.
According to the statement, the company aims to inform, educate, and connect the global investment community through its editorial platform, video series, crypto communities, and Pulse – a platform that tracks decentralised applications activities across various blockchains.
“As one of the pioneer crypto media organisations founded in Singapore, we aim to challenge the narrative and educate the public masses on crypto investment. The team at Chain Debrief firmly believes that crypto will fundamentally change the way the world works in the near future, and we are at the forefront of this financial revolution,” said Jacky Yap, Founder and Managing Director of Chain Debrief.
“We are honoured to have the support of our strategic investors who believe in our vision. We are excited about this new milestone, and are gearing up to make Chain Debrief synonymous with crypto in the near future,” he added.
Founded in early 2021, Chain Debrief claimed itself as the leading media platform in Singapore for all things related to cryptocurrency and blockchain investment.
According to Chain Debrief, crypto has become one of the fastest-growing technologies, and it is rapidly being adopted into the mainstream, with some of the world’s largest banks, companies, and even governments making moves to incorporate blockchain and Web 3.0 tech.
“Education and information has always been viewed as a social leveller. In the Web 3.0 world where new technologies and products are introduced daily, platforms like Chain Debrief will be needed to help educate and onboard newcomers,” said Sim.
QCP Capital Co-Founder and Managing Partner Darius Sit also said : “ What people don’t actually know is that Singapore has become the crypto wealth capital of the world, but few companies in Singapore are actively driving the crypto industry forward. We are excited to support Chain Debrief’s vision in bringing more education to the mass audience.”
QCP Capital is one of the world’s largest crypto trading companies with over $1.5 billion in assets deployed. It is also an early investor in companies such as Axie Infinity, FTX, AAVE (ETHLend), YFI, Deribit, Avalanche, DYDX, Algorand, Tokocrypto, Nansen AI and more.
“As crypto adoption accelerates, a regional ecosystem will be required to educate adopters and introduce the thousands of Web 3.0 products and platforms to users. Jacky and his team are proven players in the industry and I’m excited to support them in developing and scaling the products and services on their roadmap,” said Liu Yusho, Co-Founder of Coinhako.
Coinhako is a Singapore-based cryptocurrency exchange. Founded in 2014, Coinhako recently received an in-principle approval from the Monetary Authority of Singapore to provide digital payment token services under the Payment Service Act as a major payment institution.