Arcadier to raise US$25m for blockchain e-commerce marketplaces

Singapore headquartered Arcadier, has launched Token Generation Event (TGE) Presale to raise US$25 million by Q3 next year for its Project ArcadierX blockchain-enhanced marketplace platform. A private sale has yielded US$1 million in investment.The TGE Presale of ARCX tokens will commence at from December 1 and will be used to fund the development of Project ArcadierX, five blockchain initiatives which will enhance its current marketplace platform.

The current ecosystem of 7,000 plus global marketplaces from more than 170 countries will be the immediate launchpad of ArcadierX, with the intention of extending blockchain capabilities to benefit the wider e-commerce industry.

“We see blockchain as a natural evolution of our core business, which is to help e-commerce sellers and buyers connect on global online marketplaces and transact with trust,” said Dinuke Ranasinghe, Chief Executive Officer of Arcadier.

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