MEMENTO BLOCKCHAIN Pte. Ltd.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
MEMENTO BLOCKCHAIN Pte. Ltd. - overview
Established
2017
Location
Singapore, -, Singapore
Primary Industry
Software
About
Memento Blockchain Pte. Ltd. is a Singapore-based company specializing in decentralized finance solutions utilizing its governance and utility token, $DEXTF, to empower users and streamline financial operations. Founded in 2017 and headquartered in Singapore, Memento Blockchain Pte.
Ltd. focuses on developing decentralized finance solutions through its $DEXTF token. The company raised USD 0. 46 mn in Seed funding on November 8, 2019, co-led by investors LuneX Ventures and SGInnovate.
The founding team includes Federico Cristina and Filippo Fanin, with Nicola Lanteri serving as CEO. Memento offers a comprehensive suite of products centered around its governance and utility token, $DEXTF, which is integral to the Memento ecosystem. Initially developed for the DFM protocol, $DEXTF facilitates a wide range of functions including governance, staking, liquidity provision, and fee earning. The ecosystem supports both institutional and retail users, enabling them to engage with decentralized finance through the DFM and ZK Chain.
Memento’s products are designed to address challenges in decentralized financial interactions, promoting user empowerment and streamlined operational efficiency. The company's offerings are marketed to users across various geographical regions, including North America, Europe, and select markets in Asia, catering to a diverse audience of institutional investors, retail traders, and developers. Memento generates revenue through transaction fees associated with its various services and products within the decentralized financial ecosystem. The primary revenue model includes transaction-based fees for users engaging with the $DEXTF token for staking and governance activities.
For instance, users who stake their tokens may incur fees that contribute to Memento's revenue stream while facilitating liquidity provision on the platform. Additionally, revenue may be derived from partnerships or collaborations with financial institutions leveraging Memento's technology for their own decentralized finance solutions. The pricing structure for these services is aligned with industry standards for decentralized platforms, ensuring competitive positioning within the marketplace. In November 2019, Memento Blockchain Pte.
Ltd. raised USD 0. 46 mn in Seed funding, which will be utilized to launch new products and further develop its technology. The company intends to expand its market presence by targeting new geographical regions, focusing on enhancing its offerings and reaching a broader audience.
Specific plans for product launches and market entry strategies will be defined as Memento continues to evolve and adapt in the dynamic decentralized finance landscape.
Current Investors
SGInnovate, LuneX Ventures
Primary Industry
Software
Sub Industries
Customer Relationship Management, Analytics & Performance Software
Website
www.dextf.com
Verticals
Blockchain, Blockchain, FinTech
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only

Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.