CodexField Joins Forces with AscendEX to Power Web3 Assetization Platform with DeFi Trading Capabilities

AscendEX, a global crypto exchange that allows people to interact and trade digital assets in a compliant way, today announced a strategic partnership with CodexField, a decentralized infrastructure network that enables Web3 developers to store, share, and monetize datasets, CODE, and AI model assets. This collaboration enabled CodexField to integrate its Web3 assetization protocol with AscendEX’s crypto trading platform to improve its code asset monetization and broaden DeFi trading capabilities on the decentralized platform.

CodexField runs a code marketplace that enables developers to convert and monetize their code assets (including AI models, dataset resources, etc.) on-chain. Built on BNB Smart Chain and BNB Greenfield, CodexField addresses a perennial problem experienced by developers across the world: code ownership. The platform supports different forms of content on-chain (such as text, video, audio, code, algorithms, AI models, and several others). With its tokenization capability, CodexField gives these content rights recognition attributes and asset value.

CodexField Unlocking DeFi Capabilities with AscendEX

By integrating its code-focused platform with AscendEX’s crypto trading platform, CodexField improves its network’s effectiveness, customer engagement, and broadens the overall utility of its Web3 ecosystem.

While AscendEX is based in Singapore, it operates a global crypto exchange that serves the needs of both professional investors and retail customers across the world. The trading platform provides futures, margin, and spot trading offerings for a wide variety of crypto assets, helping customers worldwide to ascend in their DeFi journey and make the most of their digital assets. Formerly recognized by its former name ‘Bitmax’, AscendEX has, over time, expanded its products since its establishment in 2018. While it began as a platform for futures, margin, and spot trading services, AscendEX has significantly evolved as it currently enables users to access various staking services and DeFi yield products.

The integration above means that AscendEX’s crypto exchange brings advanced DeFi trading capabilities to CodexField’s platform. With AscendEX’s established crypto trading ecosystem, this integration ensures that CodexField customers can interact with diverse DeFi assets in a secure manner. Also, this means that CodexField’s native token, CODEX, is now tradable on AscendEX’s digital asset exchange. The CODEX’s token listing on AscendEX marks a significant milestone for CodexField, an integration that is set to boost the token’s accessibility, liquidity, and market demand, particularly among institutional customers.

As the tech collaboration progresses, CodexField will enable its users to access a wide variety of assets that offer new options for on-chain investments, collateralization, and management.

AscendEX + CodexField: Advancing Web3 Finance

The partnership between AscendEX and CodexField is part of Web3’s development activities that aim to build the next-generation of asset-backed finance. By collaborating with one of the most established and reliable crypto exchanges, CodexField solidifies its position as an enterprise-level blockchain aiming to advance scalable solutions, RWA tokenization, and multichain interoperability. This alliance lays the foundation for huge institutional capital inflows, unlocking millions of dollars in real-world value set to be powered securely on-chain.