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PrimoX Fintech Secures UAE Digital Asset Business License and Completes $5 Million Private Placement
Svmuu News: PrimoX Fintech LTD recently announced that it has obtained a digital asset business license from the United Arab Emirates (License No.: 07011002/07011019). According to official statements, PrimoX positions itself as a Consumer Rights Liquidity Layer (CRL), aiming to address the difficulty of transferring Web2 consumer membership rights through standardized mapping and on-chain title verification, thereby achieving verifiable on-chain value for these rights. Additionally, PrimoX announced that it completed a $5 million TVL private placement at a launch event in Singapore on November 10, 2025, and partnered with a Singaporean financial institution to complete the tokenization of RWA assets from a Vietnamese factory valued at over $10 million.
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