Bitkub Capital Group Holdings Ltd. has strengthened its reputation as a leading blockchain innovator in Southeast Asia through a pivotal collaboration with ETHGlobal, a globally recognized community dedicated to advancing Ethereum blockchain development.

Kinetex's Strategic Funding Round is led by Factor and Gnosis Chain, a community-owned EVM (Ethereum Virtual Machine) Layer-1 blockchain prioritizing credible neutrality.GIBRALTAR, Nov. 15, 2023 /PRNewswire/ -- Kinetex , a trailblazing decentralized platform that enables highly efficient cross-chain trading, announced the successful close of its strategic funding round. Taking the lead are Factor and Gnosis Chain , a community-led EVM Layer-1 blockchain. This partnership empowers Kinetex to refine its groundbreaking trading approach to transferring liquidity between networks that eliminates the need to store assets in pools and leverages zero-knowledge (ZK) technology to achieve validation without relying on third parties."We're excited to support Kinetex and its unique approach to incorporating ZK into cross-chain decentralized finance. With Kinetex Flash Trade, users are able to access many of the liquidity benefits and on-chain assets of centralized exchanges, but via a much more permissionless and credibly neutral system" says Ken Li, Partner at Factor."With the support of Gnosis Chain and Factor, Kinetex is poised to redefine DeFi," says Tigran Bolshoi, Co-Founder of Kinetex. "Our upcoming innovations will significantly improve our existing decentralized cross-chain protocol, allowing users to instantly and securely move liquidity between networks without trusting third parties and without the need to store TVL (Total Value Locked)."Kinetex is in the final stages of testing the Flash Trade mode, before launching on Gnosis Chain by the end of the year