crypto strategy

Singaporean company expands blockchain capabilities | chainup, blockchain, innovation, tech, tech, strategic expansion, accessibility, crypto, mas, monetary authority of singapore, marin zhong, goh chok tong, metatrust labs, hs88, kt corporation | FinanceAsia

Singapore-based blockchain-focused company ChainUp has announced a number of strategic updatesincluding the acquisition of a licensed fund management company, the appointment of an advisory board of directors and other key partnerships.

The company’s CEO and Executive Director, Sailor Zhong, said FinanceAsia that the updates are central to the company’s vision to make blockchain technology more accessible to businesses around the world.

“Over the next three years, we aim to innovate and expand our product offerings to support the development of the blockchain ecosystem with sustainable global operations,” he said. FA.

Founded in 2017, ChainUp provides blockchain-based solutions including: access to digital asset exchanges; custody and management of digital assets; NFT trading systems; as well as portfolio and liquidity solutions. The crypto participant has five international offices, in Singapore (HQ), Hong Kong, North Carolina, Tokyo and after its establishment in august of this yearSeoul.

In June, the company ink a strategic partnership with Bedrock Trust Pte of Singapore. Ltd, a licensed asset and wealth management company regulated by the Monetary Authority of Singapore (MAS), catering to family office clients. The pair had set up a collaboration between several projects, including the infrastructure fund IPFS of ChainUp subsidiary Top Value, the total return fund and the enhanced beta fund and the venture capital fund, before ChainUp. announced its acquisition of Bedrock on Wednesday, September 28.

“Using our scale and Bedrock’s expertise, we will create additional compliant financial products that leverage the strong growth of the blockchain industry, opening doors for traditional investors and institutions to engage in industry,” Zhong said. FA.

In the statement, Bedrock CEO and Founder Serena Choo Shui Hui added that she has observed growing customer interest in the digital asset space and that the acquisition presents an opportunity to leverage the ChainUp’s expertise in this area.

Global perspective, strategic expansion

During its fifth anniversary celebration last week, ChainUp announced the appointment of a board of directors and products. Comprised of eight members, including former Singapore Prime Minister and MAS Chairman Goh Chok Tong, the Board will provide leadership and stewardship to the company’s management team. Zhong said FA that Goh’s “truly global perspective and vision” would provide the board with invaluable expertise and guidance.

“With their diverse backgrounds and rich industry experience, our new Board of Directors will help our company strengthen its compliance and risk control efforts globally.”

“At the same time, we hope to incorporate our compliance and risk control experience into our growing suite of products. This will enable us to provide standardized compliance products that will help our partners meet regulatory requirements in each country of operation.

Also at the event, the firm announced two additional partnerships. The first is with Singapore-based cybersecurity software developer Metatrust Labs. With a central goal which Zhong says is to translate cutting-edge research into automated security scanning capabilities for Web3, he said the partnership would see the companies work together to develop a combined solution for exchange security.

The second partnership sees ChainUp working with partially state-owned Korean telecommunications company, KT Corporation, and Korean blockchain consulting and services platform, HS88.

“Through this partnership, we will combine our market resources to work together in areas such as IDC (International Data Corporation) business and data storage solutions,” he said.

ChainUp currently deploys its solutions to over 60 million end users. His current clients include companies in blockchain-related industries as well as companies operating in traditional sectors looking for a path into the blockchain space, Zhong confirmed.

¬ Haymarket Media Limited. All rights reserved.

.

#Singaporean #company #expands #blockchain #capabilities #chainup #blockchain #innovation #tech #tech #strategic #expansion #accessibility #crypto #mas #monetary #authority #singapore #marin #zhong #goh #chok #tong #metatrust #labs #hs88 #corporation #FinanceAsia #crypto strategy

Related Articles

Back to top button