Copy link
Increase text size
Decrease text size
Link copied

HTC, Alibaba invest $3M in blockchain property rights startup Bitmark

Wed, 04 Sep 2019, 07:23 am UTC

Taiwanese blockchain digital property rights startup Bitmark has scored $3 million in a Series A funding round led by electronics giant HTC.

Other participants in the funding include Chinese e-commerce giant Alibaba, venture capital firm WI Harper, and crypto-focused investor Digital Currency Group, as per a press release.

The funding will reportedly be used to expand the company’s sales and marketing efforts. Since its launching in 2016, Bitmark said it has successfully registered more than 1 million digital properties.

Bitmark CEO Sean Moss-Pultz acknowledged that the investors’ strong financial support will help the company realize its vision quickly and broadly.

Digital property rights are the missing link that will allow the Internet to enable a far more inclusive economy,” Moss-Pultz said.

The firm globally safeguards digital property rights for any kind of digital asset or data, including personal data, cryptocurrencies, digital artworks, and music rights.

Phil Cen, HTC’s Decentralized Chief Officer, said that its blockchain investments are the core part of its plan to put power bank in the hands of global end-users.

Bitmark's system for digital property rights greatly expands the promise of blockchain technology by assigning unique ownership for digital assets of all types. It's an important step in growing the blockchain ecosystem and we look forward to their growth and success,” he said.

In May, HTC announced that its blockchain smartphone EXODUS1 can now allow users to swap between cryptocurrencies within its native wallet. The new feature has been enabled through the incorporation of Kyber Network’s liquidity protocol into Zion Vault on EXODUS1.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $11,709.60 (+0.81%)
  • Ethereum (ETH) $395.84 (+3.98%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $307.24 (+1.63%)
  • Chainlink (LINK) $12.67 (+19.74%)
  • Bitcoin (BTC) $11,709.60 (+0.81%)
Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.