Tokenize Xchange (TKX)

Overview

Tokenize Xchange (TKX) is the native asset of the Tokenize ecosystem. It began as a utility token for the Tokenize centralized exchange and, in April 2024, became the gas token that powers Titan Chain, a Cosmos SDK–based, EVM‑compatible blockchain built by Tokenize and its sister company, Titan Lab. That move expanded TKX’s role from exchange perks to core network utility: it now pays transaction fees, secures the network through staking with validators, and underpins on‑chain applications across DeFi, gaming, and digital collectibles. (globenewswire.com)

Alongside the mainnet launch, Tokenize committed a developer program—Titan Lab Grant—funded in TKX to attract builders and projects. Partnerships have also grown: Animoca Brands became a strategic investor in Titan Chain and its largest validator, with plans to connect Tokenize to its Mocaverse network and broader Web3 portfolio. (animocabrands.com)

In short, TKX sits at the center of a hybrid model: a token linked to an exchange brand and also to a general‑purpose smart‑contract chain designed to interoperate with Ethereum and other networks. (globenewswire.com)

History & Team

Origins and growth

Tokenize Xchange was founded by Singapore‑based entrepreneur Hong Qi Yu. Under his leadership the company built a retail‑friendly trading platform in Southeast Asia and later expanded into infrastructure with Titan Chain. Over the years, the group raised external capital and broadened its leadership bench, including the appointment of a Chief Strategy Officer in 2024. (globenewswire.com)

Investors and strategic partners

Tokenize has attracted venture and strategic backers. In 2024, TRIVE led an additional US$11.5 million in Series A financing, bringing the round’s total to US$23 million with participation from high‑net‑worth individuals. Earlier, the company had raised a first phase of the same amount in 2022. (straitstimes.com)

In September 2024, Animoca Brands made a strategic investment related to Titan Chain and agreed to provide market‑making, node validation, and ecosystem support. Animoca also became Titan Chain’s largest validator, signaling technical and community alignment. Separately, Malaysian investment bank Kenanga publicly disclosed acquiring a stake in Tokenize’s licensed Malaysian exchange entity. (animocabrands.com)

Regulatory footprint and recent changes

Tokenize Technology (M) Sdn Bhd has been a registered Digital Asset Exchange (DAX) operator with the Securities Commission Malaysia (SC) since 2019. In mid‑2025, Tokenize’s Singapore entity announced it would cease local operations following the Monetary Authority of Singapore’s (MAS) rejection of its license application; the firm signaled a shift in focus to other jurisdictions, including Malaysia (Labuan) and the UAE (ADGM). (sc.com.my)

Technology & How It Works

Titan Chain architecture

Titan Chain is built with the Cosmos SDK and is fully EVM‑compatible, which means it supports the Ethereum toolchain (smart contracts, addresses, and wallets) while benefiting from Cosmos‑style modularity. The network uses a proof‑of‑stake validator set in a Tendermint/CometBFT‑style consensus, and TKX functions as the native gas asset for transactions and smart‑contract execution. The migration of TKX from an ERC‑20 token to the Titan mainnet began in April 2024 to reduce fees and improve scalability and interoperability. (globenewswire.com)

Wallets and standards

Because Titan is EVM‑compatible, standard EVM wallets (for example, MetaMask or Rabby) can connect by adding Titan as a custom network with the appropriate RPC, chain ID, and explorer details. This mirrors how other Cosmos‑EVM chains integrate with popular wallets, and MetaMask documents the process for adding custom EVM networks. Testnet materials and ecosystem listings identify Titan’s testnet and mainnet parameters; hardware wallet vendors also enumerate Titan among supported EVM networks. (support.metamask.io)

Validators and staking

Network security comes from validators that stake TKX and produce blocks. External ecosystem actors have joined validation; for example, Animoca Brands reports being Titan’s largest validator, and third‑party organizations such as Nansen have described operating validators and offering TKX staking front‑ends for users. In this model, token holders can delegate TKX to validators and receive network rewards while contributing to chain security. (animocabrands.com)

Bridging and interoperability

Titan’s design emphasizes cross‑chain liquidity. Titan Lab describes Hyperion as a multi‑chain liquidity gateway used to bridge assets from Ethereum or Solana to Titan, swap tokens via smart routing, and set up liquidity pools. The bridging flow includes obtaining a Titan‑compatible address and routing assets through Titan’s supported tools. (blog.titanlab.io)

Tokenomics & Utility

From exchange token to network gas

TKX started as an exchange utility token providing perks on Tokenize Xchange. With Titan Chain’s launch, TKX became the chain’s gas token, similar in role to ETH on Ethereum or MATIC on Polygon. That means any smart‑contract call or token transfer on Titan consumes TKX. This shift broadened the token’s base utility from fee rebates on a single platform to infrastructure‑level demand across an EVM network. (globenewswire.com)

Network security and staking

In a proof‑of‑stake setting, validators and delegators stake TKX to secure the chain. Rewards are distributed to participants according to the protocol’s rules. This creates an incentive loop: TKX is not only spent for transactions but also bonded for security, which can align long‑term holders with network health. Public materials from Titan’s partners highlight this staking‑and‑validation role. (nansen.ai)

Exchange‑side membership and features

On the exchange side, TKX underpins Tokenize’s membership tiers. Premium‑style tiers are paid in TKX, and higher tiers require staking TKX for the membership period to unlock lower trading fees and other benefits. While these benefits are commercial decisions of the exchange (and can evolve), the underlying design uses TKX as the medium for subscriptions and staking commitments tied to account perks. (tokenizexchange.zendesk.com)

Builder incentives and grants

To cultivate apps and liquidity, Tokenize and Titan Lab announced a developer grant program denominated in TKX. Grants aim to fund dApps, DeFi protocols, and integrations that broaden Titan’s on‑chain economy and, by extension, TKX’s utility. (globenewswire.com)

Ecosystem & Use Cases

Trading and on‑chain finance

The original use case for TKX was exchange utility—discounted fees, participation in listings, and access to promotions. The Titan Chain era extends those uses to DeFi. Builders can deploy EVM smart contracts for lending, swaps, NFTs, and gaming apps where TKX drives gas and may be used in protocol tokenomics. Hyperion’s bridging and routing provide a base layer for liquidity import from Ethereum and Solana, making it easier to bootstrap pairs and pools on Titan. (blog.titanlab.io)

Gaming, NFTs, and partner networks

Animoca Brands’ involvement brings a path to cross‑ecosystem activity, including potential tie‑ins with Mocaverse and other Web3 projects. The idea is to match Titan’s infrastructure with content networks that can supply users and use cases (for example, digital collectibles, game assets, and loyalty primitives) while TKX provides gas and, in some designs, staking or governance roles. (animocabrands.com)

Institutional and regional integrations

Tokenize’s Malaysian entity is one of the SC‑registered digital asset exchanges in the country. That regulatory status, combined with a chain built to interoperate with Ethereum, positions TKX for integrations that straddle centralized and decentralized rails across Southeast Asia—fiat on‑ramps in regulated venues alongside EVM contracts on Titan. (sc.com.my)

Advantages & Challenges

Advantages

• EVM compatibility from day one: Developers can port or fork familiar Ethereum dApps, and users can connect with standard wallets, lowering switching costs. (evm.cosmos.network)
• Clear token utility: TKX is the gas token for Titan, creating baseline demand tied to network activity. (globenewswire.com)
• Ecosystem catalyst: The Titan Lab Grant and a named strategic partner/validator (Animoca Brands) create a pipeline for applications, liquidity, and users. (globenewswire.com)
• Hybrid footprint: A token with both exchange‑side perks and L1‑style utility can serve retail users and on‑chain builders within one brand. (tokenizexchange.zendesk.com)

Challenges

• Jurisdictional shifts: The 2025 wind‑down of Tokenize’s Singapore operations after MAS license rejection adds complexity to where and how the exchange brand operates, even as Malaysian and other plans continue. (coinlive.com)
• Liquidity split: Historical ERC‑20 TKX and Titan‑native TKX may coexist during migration phases, which can fragment liquidity between Ethereum DEX pools and Titan‑native markets until bridges and listings consolidate order flow. (globenewswire.com)
• Young L1 ecosystem: As a newer chain, Titan must attract sustained developer activity and end‑user applications to deepen TKX’s real‑world utility beyond exchange‑centric benefits. (globenewswire.com)

Where to Buy & Wallets

Tokenize Xchange can be purchased on Tokenize‑operated platforms in approved jurisdictions, including Malaysia via the SC‑registered entity. (sc.com.my)

TKX is available on decentralized exchanges on Ethereum, such as Uniswap v2, using the ERC‑20 contract previously associated with the token. Always ensure the token address matches the official listing before trading. (coinmarketcap.com)

On Titan Chain, TKX can be swapped through Titan‑native venues. Hyperion, described by Titan Lab as the ecosystem’s liquidity gateway, supports bridging from Ethereum or Solana and on‑chain swaps once assets arrive on Titan. (blog.titanlab.io)

For storage, EVM‑compatible wallets like MetaMask and Rabby support both Ethereum (for historical ERC‑20 TKX) and Titan (by adding Titan as a custom EVM network). MetaMask documents how to add custom networks, and EVM‑Cosmos documentation notes that standard EVM wallets work out of the box when provided a chain ID and RPC. Many hardware and multi‑coin wallets also support EVM networks; consult your wallet’s network list to add Titan. (support.metamask.io)

Regulatory & Compliance

Tokenize’s group structure spans multiple jurisdictions. Tokenize Technology (M) Sdn Bhd is registered by the Securities Commission Malaysia as a Digital Asset Exchange operator, originally among the first three approved DAX platforms in 2019 and included on the SC’s current list of regulated digital‑asset players. That status covers how the exchange operates in Malaysia, including listing standards and compliance controls. (sc.com.my)

In Singapore, Tokenize’s license application under the Payment Services Act was rejected by MAS, and the firm announced it would cease local operations in 2025, with communications about relocating focus to Labuan (Malaysia) and pursuing approval in Abu Dhabi Global Market (ADGM). This does not affect the technical existence of TKX or Titan Chain, but it shapes where the brand can offer exchange services. (coinlive.com)

From an Islamic finance perspective, TKX functions as a utility and gas token rather than a debt‑based instrument. There is no widely publicized, formal Shariah certification for TKX as a specific token. In Malaysia, the Shariah Advisory Council (SAC) of the Securities Commission has stated that digital assets traded on SC‑registered exchanges can be permissible when they meet defined criteria; this guidance applies to assets listed on those regulated venues and within that jurisdiction. As with many crypto assets, the ultimate assessment depends on use, structure, and where it is traded, but TKX itself is not issued as an interest‑bearing product and is used primarily for access, fees, staking, and network security. (sc.com.my)

Future Outlook

Titan Chain gives TKX room to grow beyond an exchange‑only role. The chain’s EVM compatibility lowers barriers for established Ethereum projects to deploy on Titan, while the grant program can seed native applications. If Titan’s validators and partners continue to expand—such as analytics firms, gaming publishers, and liquidity providers—the network could develop a diverse mix of DeFi, NFTs, and consumer‑app activity that reinforces demand for TKX as gas and staking collateral. (globenewswire.com)

Geographically, Tokenize’s regulated presence in Malaysia provides an anchor for fiat on‑ramps and institutional relationships in Southeast Asia. Meanwhile, any future licensing in other hubs (for example, the UAE) would broaden market access for exchange services and, indirectly, the TKX brand. Sustained progress will likely hinge on developer traction, cross‑chain liquidity via bridges like Hyperion, and clear communications on the ERC‑20 to Titan‑native migration so that user liquidity concentrates rather than fragments. (blog.titanlab.io)

Summary

Tokenize Xchange (TKX) has evolved from a utility token for an exchange into the native asset of a general‑purpose, EVM‑compatible blockchain. On Titan Chain, TKX pays gas, supports staking and validation, and anchors a growing ecosystem that aims to connect to Ethereum and other networks through purpose‑built bridges. The project combines exchange‑side benefits—such as membership tiers paid and staked in TKX—with infrastructure‑level roles on a new L1. Backing from investors like TRIVE and a strategic partnership with Animoca Brands, along with a developer grant program, set the stage for ecosystem growth. Regulatory posture varies by market—licensed in Malaysia, exited from Singapore—but the technology path is clear: use TKX to power on‑chain activity while linking centralized access points to decentralized applications. For learners and builders, TKX offers a case study in how an exchange token can transition into a network token and pursue broader utility across Web3. (straitstimes.com)