The cryptocurrency landscape is primed for innovation, and Roxom Global is at the forefront of this evolution. With the ambitious goal of establishing a Bitcoin-denominated securities exchange alongside a 24/7 media network exclusively focused on Bitcoin, Roxom is setting a new standard in the financial sphere.
Recently, Roxom successfully raised $7.9 million in investment for its exchange from prominent firms including Draper Associates, Borderless Capital, ego death, and Kingsway Capital. Additionally, the company secured $10 million in a private funding round designated for RoxomTV, as detailed in an announcement shared with CoinDesk.
The core of Roxom’s vision is to create a comprehensive exchange that features futures, spot markets, and synthetic instruments, all priced and settled in Bitcoin (BTC). CEO Borja Martel Seward emphasized that their mission is to ‘bring Bitcoin standards to global finance.’ With an initial focus on markets in Latin America, Europe, and select areas of Asia and the Middle East, Roxom’s exchange is currently not available in the U.S., highlighting its strategic market positioning.
In a bid to shape its media footprint, RoxomTV is designed to operate on a model similar to notable Bitcoin holders such as Strategy (MSTR) and Metaplanet, both of which have established significant BTC treasuries. RoxomTV is backed by a 100% Bitcoin treasury and currently possesses 84.72 BTC. Of this amount, 52.65 BTC were acquired through the latest funding round at an average price of approximately $76,300 per coin.
Looking forward, the company intends to enhance its Bitcoin holdings by acquiring an additional 30 BTC in the forthcoming weeks, which would elevate its Bitcoin treasury’s value to over $12.7 million, based on the current price of $111,000 per coin.
On the media front, RoxomTV is streaming on multiple platforms including X, Rumble, Twitch, Kick, and Dlive, with plans to broaden its reach to LinkedIn Live, Facebook Live, TikTok, and Instagram in the near future. Currently broadcasting from hubs in San Francisco and London, Roxom also plans to establish a new base in Hong Kong by the third quarter of this year, further extending its global footprint.
Roxom Global is poised to redefine the interplay between Bitcoin and global finance, creating unprecedented opportunities for investors and media consumers alike. As the landscape evolves, all eyes will be on Roxom as it executes this intriguing vision.
