SINGULAR

SINGULAR

Decentralized Spot and Perpetual Exchange.

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DateInvestorsAmountRound
-investor

€0.0

round
*

$20.0m

Early VC
Total Funding000k
Notes (0)
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SINGULAR operates as a decentralized finance (DeFi) platform centered around its spot and perpetual exchange, singulardex.com. The firm was founded by CEO Terrence Hooi and DK Sugiyama. The journey began after Hooi, inspired to simplify access to financial tools, developed a finance app also named "Singular" to leverage the potential of decentralized finance. He connected with DK Sugiyama, then president of Quantum Leaps, at an event where Singular was recognized with a StartupWorldcup Regional Winner award. Their shared interest in disruptive technology led to their collaboration to create an open finance platform, which evolved into the current decentralized exchange that officially launched in the first quarter of 2024.

The company targets the global cryptocurrency trading market, serving both individual and institutional clients. Its business model is built upon providing a decentralized trading infrastructure. Revenue is generated from platform fees, with 30% of these fees being distributed to holders of the native Singular Dollar (SD) utility token, creating a revenue-sharing mechanism. The platform's core offering is an AI-powered decentralized exchange (DEX) that facilitates spot and perpetual trading. A key feature is its ability to aggregate liquidity from over 100 other DEXs, which is designed to offer deep liquidity and minimize price impact for traders. It provides multi-chain support, enabling transactions across different blockchains, and aims for minimal price slippage. The platform also features the Singular Dollar (SD) token, which grants holders governance rights, allowing them to participate in decision-making for the Singular DAO (Decentralized Autonomous Organization) that guides the platform's development and policies.

SINGULAR provides an application for mobile users and integrates with common Web3 wallets like MetaMask and Trust Wallet for asset management. The company positions itself as a bridge to Web3 investing, also offering access to professionally managed, crypto-based structured financial products and strategies. The platform's roadmap includes the future introduction of tokenized stocks to further broaden its asset offerings.

Keywords: decentralized exchange, perpetual trading, spot trading, DeFi platform, multi-chain, liquidity aggregation, low swap fees, zero price impact, Singular Dollar, SD token, Singular DAO, Terrence Hooi, DK Sugiyama, cryptocurrency exchange, web3 investing, tokenized stocks, crypto structured products, AI-powered trading, blockchain finance

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