Finblox is a crypto app that enables users to earn up to 100x rewards across an ecosystem of products including trading, staking, and AI games. The company issues the FBX token, which was listed on the BTSE exchange as part of a strategic investment by BTSE. BTSE’s involvement included an FBX token listing and a series of user campaigns to drive liquidity and engagement. Campaigns announced by BTSE included a 700,000 FBX deposit-to-earn prize pool, a 700,000 FBX trading-competition pool, and a new-user/referral program with 1.25 million FBX plus a 150,000 FBX referral pool, all with specified campaign dates in May 2023. Finblox is described in the article as being backed by top-tier venture investors Sequoia Capital, Dragonfly, and Saison Capital. The article frames BTSE’s move as supporting Finblox’s growth and user engagement in the digital-asset ecosystem. Finblox was founded in mid-2021 and is based in Hong Kong; it serves Southeast Asia and other markets with a crypto-investment and lending product. Users can deposit cryptocurrencies like bitcoin and ether into the app to earn interest, and Finblox then loans those coins to financial institutions. The platform supports more than 23 different coins and advertises expected yields of 4%–12% on most coins and up to 60% on certain gaming-related assets. The company reported over 25,000 users across more than 40 countries and employs about 25 people. Finblox raised almost $4 million within four months of launching from venture investors and other backers. In mid‑June the company imposed $1,500 withdrawal limits (not freezes) after exposure to the implosion of Three Arrows Capital; CEO Peter Hoang says the firm aims to improve trust through clearer disclosures and education and expects to survive the crypto downturn.

Total raised

$4M

Funding rounds

2

Latest round

Equity

Latest activity

Aug 2022