Malaysian Crypto Startup Torum Secures Investment from KuCoin

Malaysian Crypto Startup Torum Secures Investment from KuCoin

by November 5, 2021

Torum, a crypto startup who describes itself as a SocialFI Metaverse ecosystem for cryptocurrency users and projects announced today that they have secured a undisclosed sum of strategic investment from KuCoin Labs, the US$ 50 Million incubator and research of KuCoin.

As part of this strategic investment, Torum will be building an immersive and interactive SocialFi Metaverse ecosystem, where cryptocurrency users around the world can access Social, Decentralized Finance, NFT and Metaverse all in one place.

The partnership with KuCoin Labs will empower Torum with the connection to exclusive partners and access to premium services (blockchain technical support, legal advice) that are within the reach of the KuCoin ecosystem to focus on the development of the SocialFi Metaverse.

Yi Feng Go, CEO, and founder of Torum said

Yi Feng Go, CEO and Founder of Torum

Yi Feng Go

“This round is a major step towards the upcoming Metaverse revolution. It doesn’t matter if you are a Bitcoin maximalist, DeFi player, altcoin trader or NFT artist. This SocialFi Metaverse is our promise of creating an open, safe and interconnected world for everyone.”

This news follows a recent round of fundraising in August 2021 led by Huobi Ventures for an undisclosed sum and an earlier US$ 1.45 million round in April by private investors.