PrimoX Fintech Obtains UAE Digital Asset License and Completes $5M Private Placement

KuCoinFlash

Release Time: 03/18/2026 07:36:52

Summary

PrimoX Fintech has obtained a UAE digital asset commercial license (07011002/07011019) and announced a $5 million private placement at a Singapore event on November 10, 2025. The company, a consumer rights liquidity layer, leverages on-chain news to verify non-transferable Web2 membership rights. It has also tokenized a $10 million Vietnamese factory as a real-world asset (RWA) in partnership with Singaporean entities. Digital asset news underscores the firm’s focus on bridging Web2 and blockchain through standardized mapping.

Odaily Planet Daily reports that PrimoX Fintech LTD has recently been granted the UAE Digital Assets Business License (License No.: 07011002/07011019).

According to official documentation, PrimoX is positioned as a Consumer Rights Layer (CRL), designed to solve the problem of illiquid Web2 membership benefits through standardized mapping and on-chain rights verification, enabling verifiable on-chain value for these rights.

Additionally, PrimoX announced the completion of a $5 million TVL private placement at its Singapore launch event on November 10, 2025, and partnered with Singaporean financial institutions to tokenize RWA assets from a Vietnam-based factory with an asset value exceeding $10 million.

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