August 8, 2019 — BitMart, a premier global digital asset trading platform, is pleased to announce that it has received millions of investment from Fenbushi Capital, the first China-based venture capital firm that exclusively invests in blockchain-enabled companies. Bitrise Capital also offers a follow-up investment.
Founded in 2015, Fenbushi Capital’s mission is to accelerate the unstoppable future of blockchain economy by supporting start-up companies. With its experienced partners and powerful resources in both traditional finance and blockchain industry, Fenbushi Capital has invested in over 50 high-quality blockchain projects worldwide, aiming to bring more transparency, efficiency and robustness into the global economy.
“We’re excited to close the deal,” says Bo Shen, Founder and General Partner of Fenbushi Capital. “As our long-term vision is to help reach a consensus in the blockchain community, our partnership with BitMart will undoubtedly facilitate achieving this ambition based on our shared goals.”
This investment follows a string of new members joining BitMart. Bo Shen will be one of the core members in BitMart’s Global Strategic Advisory committee, along with Kevin Shao, the General Manager of Blockchain Branch of Canaan Creative, the second-largest mining machines manufacturer in the world. Their specialty in blockchain and decentralized finance and professional network will add critical value to BitMart’s business.
“Investment is always significant for a tech start-up,” says Sheldon Xia, Founder and CEO of BitMart. “The strategic collaboration with Fenbushi Capital and Bitrise Capital will undoubtedly help establish a more open and transparent capital raising ecosystem for both investors and high-quality assets.”
With a vision of the future of digital assets, BitMart has collaborated with FINRA – registered broker-dealer to explore the opportunities in digitalized security. With the support from Fenbushi Capital, it is believed that BitMart will further improve their user experience along with its rapid expansion in emerging markets, including Vietnam, Turkey, and Nigeria.
BitMart is a premier global digital asset trading platform, with over 900,000 users worldwide. BitMart currently offers 230 trading pairs with comparatively low trading fees in the market. BitMart has collaborated with Columbia University, New York University and Massachusetts Institute of Technology to promote blockchain education and to facilitate career development. BitMart is also a research partner of Blockchain Lab at The State University of New York at Stony Brook since 2018. As of today, BitMart has offices in South Korea, Hong Kong, United States, and Nigeria with employees in 15 different countries and regions.
About Fenbushi Capital
Fenbushi Capital is the first China-based venture capital firm that exclusively invests in Blockchain-enabled companies. Their mission is to accelerate the unstoppable future of Blockchain economy. With their experienced partners in both traditional finance and blockchain industry, Fenbushi Capital hope to bring more transparency, efficiency, and robustness into the global economy.
About Bitrise Capital
BRC (Bitrise Capital) is a leading venture capital fund that focuses on blockchain related investment. It is initiated by the preacher in the blockchain industry, aiming to excavate high-quality blockchain projects. Adhering to its three major strategies of global investment, key track and infrastructure investment, BRC is expecting a global scale on the booming of application of distributed technology.
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