• Dozens of top-tier Web3 and DeFi apps, including The Graph, Curve, LayerZero, QuickSwap, Galxe, Timeswap and many more are already leveraging OKX’s innovative L2 network.

SINGAPORE, April 16, 2024 /PRNewswire/ — OKX, a leading crypto exchange and Web3 technology company, today launched the public mainnet of X Layer, its innovative and secure Ethereum-based Zero Knowledge (ZK) Layer-2 (L2) network built with the Polygon CDK to enable shared state and liquidity across multiple chains via the AggLayer.

X Layer uses advanced technology to make it cheaper and faster for millions of users to interact with on-chain applications. The network utilizes ZK proofs, making transactions secure and scalable while also reducing costs. It is also EVM-compatible, meaning Ethereum-based decentralized apps (dApps) can be seamlessly deployed on it without much development effort.

OKX Chief Marketing Officer Haider Rafique said: “X Layer is for visionary builders who are creating applications to help bring millions of people on-chain. We envision X Layer and other Layer-2 chains as the highway infrastructure of the Web3 world, with dApps as the marketplaces and self-hosted wallets as the vehicles that take you there. In pursuit of this vision, we are building an ecosystem that is as seamless and interoperable as possible. We think X Layer has limitless potential thanks to our strong community and its connectivity with other Ethereum-based networks.”

X Layer has experienced rapid growth in adoption since its mainnet beta unveiling in November 2023, with over 50 Web3 dApps deploying on it within a week of its testnet launch. Many other prominent applications are also in the process of being deployed on X Layer, including The Graph, Curve, LayerZero, QuickSwap, Galxe, Timeswap and others. Users around the world can now leverage the X Layer network to transfer assets, deposit and withdraw crypto on OKX and access over 170 dApps offering the ability to swap, stake and interact with smart contracts. The number of dApps is slated to increase exponentially with the official opening of X Layer to the general public.

Today, OKX is one of the biggest crypto exchanges by daily trading volume (both spot and derivatives) and custodies over US$22 billion of crypto on its platform. Meanwhile, the OKX Wallet is one of the most advanced gateways to the Web3 world, offering access to over 90 blockchains and aggregators for DEX and NFT marketplaces. The exchange boasts over 50 million users globally, making it a worldwide hub for a diverse community and ensuring the network launches with a significant potential user base with ample liquidity. OKX’s platform token OKB will serve as X Layer’s native token for the purpose of gas fees on the network.

Powered by Polygon CDK, X Layer benefits from a cutting-edge, ZK-based software toolkit tailored for blockchain developers. This innovative toolkit empowers developers to effortlessly build new L2 chains for Ethereum. At a technical level, OKX developers will also be contributing to Polygon CDK, ensuring that the core tech stack powering X Layer continues to innovate and improve. Additionally, X Layer will be joined by other chains powered by Polygon CDK via the AggLayer. Connecting to the AggLayer allows seamless transition of liquidity between X Layer and these other chains, thus bolstering X Layer’s overall community size and access to liquidity.

Polygon Chief Executive Officer Marc Boiron said: “X Layer is a monumental next step in the industry’s ambition to build a truly unified Web3. The X Layer’s connection to the AggLayer solves the fragmentation of liquidity and users across chains on the AggLayer so they can all grow together. OKX’s 50M users now have an easy path to onboarding to X Layer and all the other chains connected to the AggLayer. The impressive roster of talented developers who have already started to build on X Layer is a testament to the potential of the network, and we look forward to continuing to collaborate with OKX to achieve our shared goals for the industry.”

For further information, please contact:
[email protected]

About OKX
OKX is a leading global crypto exchange and innovative Web3 company. Trusted by more than 50 million global users, OKX is known for being one of the fastest and most reliable crypto apps in the world.

As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1 and Olympian Scotty James. OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

The OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.

To learn more about OKX, download our app or visit: okx.com

About Polygon Labs
Polygon Labs develops Ethereum scaling solutions for Polygon protocols. Polygon Labs engages with other ecosystem developers to help make available scalable, affordable, secure and sustainable blockchain infrastructure for Web3. Polygon Labs has initially developed a growing suite of protocols for developers to gain easy access to major scaling solutions, including Layer 2s (zero-knowledge rollups), sidechains, app-specific chains and data availability protocols. Scaling solutions that Polygon Labs initially developed have seen widespread adoption with tens of thousands of decentralized apps, unique addresses exceeding 400 million, 2 million smart contracts created and 3.5 billion total transactions processed since inception. The existing Polygon network is home for some of the biggest Web3 projects, such as Aave, Uniswap, and OpenSea, and well-known enterprises, including Adidas, Stripe and Adobe. Polygon Labs is carbon neutral with the goal of leading Web3 in becoming carbon negative.

If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure transactions for dApps you develop, get started here.

Website | Twitter | Developer Twitter | Telegram | LinkedIn | Reddit | Discord | Instagram | Facebook

This content is provided for educational and informational purposes only. It does not constitute and shall not be considered (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets (including NFTs or otherwise); or (iii) financial, accounting, legal or tax advice.

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Auradine, a pioneering force in web infrastructure solutions, has successfully closed its Series B funding round, amassing over $80m.

This significant financial boost was contributed to by several new stakeholders including StepStone Group, Top Tier Capital Partners, MVP Ventures, and Maverick Capital, alongside notable strategic and angel investors. Existing investors such as Celesta Capital, Mayfield Fund, and Marathon Digital reaffirmed their confidence in Auradine by participating again.

Founded to disrupt the blockchain market, Auradine has set new benchmarks in performance and energy efficiency with its revolutionary Teraflux family of Bitcoin ASIC Miners. These high-performance miners integrate cutting-edge technologies such as the patent-pending EnergyTune and AutoTune systems, addressing critical energy infrastructure needs.

The Series B financing is earmarked for a major scale-up in production capabilities and accelerated investment in product development. This strategic injection of capital will support Auradine’s ambitious roadmap, which includes expanding its blockchain and AI security solutions. The company has already made significant strides, evidenced by achieving $80m in bookings and maintaining a robust order pipeline exceeding $200m.

Auradine’s commitment to innovation and quality has not only captivated a global customer base but has also positioned the company as a leader in the competitive Bitcoin mining industry. The made-in-USA label further underscores its role in supporting decentralized supply chains and enhancing national security amidst a complex geopolitical landscape.

Auradine CEO Rajiv Khemani expressed pride in the company’s trajectory: “We are very proud of the advancements that our team has made in bringing innovative, energy-efficient, and secure products to our customers,” he said, “The strong orders and pipeline reflect the confidence our customers have in us. With this new funding, we will ramp up production capacity and accelerate investments in our product roadmaps.”

Supporting these sentiments, Mayfield Fund Managing Partner Navin Chaddha remarked, “Auradine’s remarkable journey from its inception to achieving substantial orders in such a short time frame is a testament to its compelling solutions and the team’s execution capabilities. We are delighted to support Auradine as it continues to pave the way in blockchain and AI infrastructure with impactful and sustainable solutions.”

Further acclaim came from StepStone Group Partner John Avirett: “Auradine has assembled a truly world-class team spanning blockchain, security, AI, and silicon expertise. Their focus on energy efficiency and highly secure solutions aligns with our investment philosophy. We are confident in Auradine’s potential for continued growth and are proud to support their journey.”

MVP Ventures Co-founder and General Partner Andre De Baubigny also praised the company’s dynamic progress: “Auradine has demonstrated an outstanding ability to innovate and execute fast in a complex market. Their achievements with cutting-edge technologies and securing significant business speak volumes. We are thrilled to be part of Auradine’s path to redefine the blockchain and AI landscape.”

Source: fintech.global

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SINGAPORE, April 16, 2024 /PRNewswire/ — GTN, a global fintech redefining investing and trading for all, is pleased to announce the appointment of Bobby Bok as its new Head of Sales for the Asia Pacific (APAC) region to accelerate the company’s regional growth. Bobby, an industry veteran with 16 years of extensive experience in sales and business development, joins GTN from LSEG, where he was responsible for Sales Strategy and Execution for Investment and Wealth Solutions.

In his new role at GTN, Bobby will leverage his deep understanding of the APAC market and proven track record to lead GTN’s sales initiatives across the region. He will focus on strengthening client relationships, identifying new business opportunities, and driving revenue growth. He will be instrumental in further expanding GTN’s presence regionally and delivering on the vision of redefining investing and trading for all.

GTN welcomes Bobby Bok at a pivotal time. The company’s flagship solutions, GTN Trade and GTN Invest, are experiencing strong adoption in the APAC region, building a thriving client base in core markets. Leveraging this momentum, GTN is poised to further expand into more markets within the APAC region to foster financial inclusion and make trading and investing accessible to anyone, anytime. Bobby’s wealth of knowledge and proven track record at LSEG, Refinitiv, Mercer, and Morningstar position him ideally to advance GTN’s vision and offerings for financial institutions across the APAC region.

“I am thrilled to have Bobby on board to lead our sales efforts in APAC,” said Julien Le Noble, CEO of GTN Asia. “It was immediately apparent that Bobby is an excellent fit for this role. His proven track record of success and deep understanding of the industry make him the ideal candidate to spearhead our sales strategy and execution efforts. I am confident that his leadership will play a pivotal role in driving our business forward and delivering value to our clients.”

Bobby added: “I am excited to lead sales across the APAC region for GTN. My new role marks a new milestone for me, and I am excited to be part of a rapidly growing company redefining investing and trading. GTN’s mission resonates with my passion for harnessing technology to empower fintechs and financial institutions to foster financial inclusion.”

Bobby holds a bachelor’s of finance from the Singapore University of Social Sciences, and his appointment marks an important step in GTN’s commitment to delivering exceptional value to clients in the APAC region.

About GTN

GTN is a fintech pioneer with decades of success, holding broker-dealer and capital markets services licenses in multiple jurisdictions through subsidiaries. We are committed to empowering brokers, banks, asset managers, and fintechs with scalable and innovative investment and trading solutions that enable access to a comprehensive network of global markets and multiple asset classes, making investment and trading accessible to all. Our investment and trading solutions offer seamless integration with the existing services of regulated financial firms and fintechs via our co-branded front-ends and versatile API suite. Inspired by embedded finance, our API suite provides the adaptability to develop bespoke trading/investment applications or incorporate GTN features into existing platforms, enhancing their value proposition. In addition, our comprehensive global trading ecosystem includes best-in-class execution, custody, and post-trade solutions.

We bring together a diverse team of over 400 talented individuals spread across Dubai, Singapore, South Africa, Sri Lanka, the UK, and the US, united by a shared passion and purpose: empowering clients and transforming the accessibility to investment and trading opportunities for all. We are backed by strategic investors IFC, a member of the World Bank Group, and SBI Ventures Singapore Pte. Ltd., a group company of SBI Holdings, Inc., one of the largest financial services firms listed on the Tokyo Stock Exchange. To learn more, visit www.gtngroup.com or follow us on LinkedIn.

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