Decentralized exchange BHEX raises US$15 million in funding

BHEX Exchange has raised $15 million in its equity round to introduce a next-generation decentralized custody and clearing platform for crypto assets.

The new round of funding comes from top crypto exchanges platforms, institutional venture capitals and accredited investors, such as Huobi Global, OKCoin, Node Capital, Yintai Investment, Genesis Capital, City Holdings, Plum Ventures, Tang Yue, Yuan Dawei, Sun Zeyu and more.

Demand for BHEX’s investment subscription has attracted over 70 investment opportunities, 40 of which Blue Helix selected to take part in its first round of Token Fund strategic investment. Also, BHEX is set to provide a custody and clearing product for crypto assets and is slated to be launched at the end of November.

James Ju, founder and CEO of BHEX said: “Bluehelix technology will be an open source project after it has been completely developed, it will be supported by decentralised cryptographic algorithms, blockchain technology, and the innovative Bluehelix technology.”

According to its announcement, BHEX core founding members come from major technology and financial companies including Google, Alibaba, Tencent, Baidu, Barclays Capital, and Société Générale with talents in finance, blockchain and technology industry. The exchange also aims to reshape the security and credibility issues of centralised crypto trading platforms. The platform notes this is achieved by permitting centralised exchanges to enjoy the benefits of decentralised exchanges while solving the key holder problem and placing the power back into the user’s hands.