Singapore Online Marketplace Builder Arcadier to Raise US $25 Million via Token Sale to Bring eCommerce Marketplaces on the Blockchain

Saturday 8 November 2018, 8:30 PM AEST - 1 year ago

  • Project ArcadierX, Arcadiers blockchain initiative, aims to enhance trust, introduce immutability, transparency, and decentralisation to global B2B and B2C eCommerce
  • US $1 million raised to-date for ArcadierX via private sale
  • Founded in 2013, it now has more than 7,000 eCommerce clients in over 170 countries, selling more than 5 million products and services

SINGAPORE, November 2018 – Arcadier, a Singapore-headquartered online marketplace builder, has announced the launch of its Token Generation Event (TGE) Presale for Project ArcadierX, Arcadiers blockchain-enhanced marketplace platform. Arcadier aims to introduce immutability, transparency and decentralisation to the global B2B and B2C eCommerce markets, while enhancing trust through blockchain. Arcadier intends to raise US $25 million by Q3 2019. To-date, they have already raised $1 million via a private sale.

The TGE Presale of ARCX tokens will commence at from 1 Dec 2018, and will be used to fund the development of Project ArcadierX; five blockchain initiatives which will enhance the current Arcadier marketplace platform. The current ecosystem of 7,000+ global marketplaces from over 170 countries will be the immediate launchpad of ArcadierX, with the intention of extending blockchain capabilities to benefit the wider eCommerce industry.

Mr Dinuke Ranasinghe, Chief Executive Officer of Arcadier, said, We see blockchain as a natural evolution of our core business, which is to help eCommerce sellers and buyers connect on global online marketplaces and transact with trust. As the global leader in our segment, weve always focused on technology to increase effectiveness and efficiency in our services, and we believe that the benefits of blockchain can help drive eCommerce to the next level.

This development comes off the back of a series of key business wins for Arcadier. They were recently chosen by the United Nations Office for Project Services (UNOPS) to build and operate the Defeat-NCD (Non-Communicable Disease) Marketplace; where Arcadier will help 100 resource poor countries gain access to NCD supplies, med ...

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