Internet investment firm Fatfish is putting $US1 million ($A1.28 million) of seed capital into Kryptos-X, an early stage online virtual currency exchange.
A short time ago, Fatfish shares were up 31% to $0.063.
The Singapore-based Kryptos-X was started by Australian entrepreneur Tony Mackay, who was the founding CEO and Chairman of Chi-X Europe and Global, the alternative stock trading platform.
Kryptos-X will initially be offering services in Singapore for digital token offerings, with expansion into other jurisdictions expected in the future.
“The electronic marketplace will deal exclusively with blockchain technology based digital tokens and cryptocurrencies,” says Fatfish.
Mackay will be appointed a Non-Executive Director to Fatfish to advise and assist in developing further applications of blockchain and cryptocurrency technology.
Fatfish will end up with about 27% of Kryptos-X.