Friday, September 29, 2023
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Singapore firm broadens blockchain capabilities | chainup, blockchain, innovation, technology, tech, strategic expansion, accessibility, crypto, mas, monetary authority of singapore, sailor zhong, goh chok tong, metatrust labs, hs88, kt corporation

by Ella Arwyn Jones
October 9, 2022
in Finance
Reading Time: 3 mins read
A A
0
Home Finance
Share on FacebookShare on Twitter


Singapore-based blockchain-focussed firm, ChainUp, has announced a number of strategic updates, including the acquisition of a licensed fund management company, the appointment of an advisory board of directors, and additional key partnerships.

CEO and executive director of the firm, Sailor Zhong, told FinanceAsia that the updates are central to the firm’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 told FA.

Founded in 2017, ChainUp provides blockchain-based solutions including: access to digital asset exchanges; digital asset custody and management; NFT trading systems; as well as wallet and liquidity solutions.  The crypto participant has five international offices, across Singapore (HQ), Hong Kong, North Carolina, Tokyo and following its establishment in August this year, Seoul.

In June, the company inked a strategic partnership with Singapore’s Bedrock Trust Pte. Ltd, a licensed asset and wealth management firm regulated by the Monetary Authority of Singapore (MAS), that caters to family office clients. The pair had set about a collaboration across projects including ChainUp subsidiary Top Value’s IPFS Infrastructure Fund, the Total Return Fund, and the Enhanced Beta Fund and Venture Capital Fund, before ChainUp announced its acquisition of Bedrock on Wednesday (September 28).

“With our scale and Bedrock’s know-how, we will be creating additional compliant financial products that leverage the high growth in the blockchain sector, opening up doors for traditional investors and institutions to engage with the industry,” Zhong told FA.

In the release, CEO and founder of Bedrock, Serena Choo Shui Hui, added that she had observed growing interest from clients in the digital assets space and that the acquisition provided opportunity to leverage ChainUp’s expertise in this area. 

Global perspective, strategic expansion

At the celebration of its fifth anniversary last week, ChainUp announced the appointment of a board of directors and products. Comprising seven members who will draw on the additional expertise of former Singapore prime minister and MAS chairman, Goh Chok Tong, as its special advisor, the board will offer the firm’s management team leadership and stewardship. Zhong told 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 to strengthen its global compliance and risk control efforts.”

“At the same time, we hope to integrate our experience in compliance and risk control into our expanding product suite. This will enable us to provide standardised compliance products that 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 core focus that Zhong explained involves translating state-of-the-art research into automated security scanning capabilities for Web3, he said that the partnership would see the firms work together to develop a combined solution for exchange security.

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

“Through this partnership, we will combine our market resources to work together in areas including IDC (international data corporation) business and data storage solutions,” he said.

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


¬ Haymarket Media Limited. All rights reserved.



Source link

Tags: accessibilityAuthorityblockchainbroadenscapabilitieschainupchokCorporationCryptoExpansionFirmgohhs88InnovationLabsmasmetatrustmonetarysailorsingaporeStrategictechtechnologytongzhong
Previous Post

Property Product-Market Fit: The Important Metric

Next Post

The peculiar realm of the metaverse | metaverse, w3, digital, digital assets, nfts, policy, regulation, the sandbox, blockchain, crypto

Related Posts

2:00PM Water Cooler 9/29/2023 | naked capitalism

by Lambert Strether
September 29, 2023
0

By Lambert Strether of Corrente. Patient readers, this Water Cooler is a bit light; I had to do actual research...

Living Libertarian: Brief Biographies | Mises Wire

by David Gordon
September 29, 2023
0

Libertarian Autobiographies: Moving toward Freedom in Today’s Worldedited by Jo Ann Cavallo and Walter E. BlockPalgrave Macmillan, 2023; xx +...

Reaching Across the Aisle for the Bill of Rights: Learning from a Political Odd Couple

by David Beito
September 29, 2023
0

The inability, or unwillingness, to bridge the ideological divide is a hallmark of American politics. The failure is especially acute...

Banks plan rating model for startups’ risk profiling

by Euro Times
September 29, 2023
0

Banks are eyeing a separate rating framework or model for risk profiling startups and have initiated discussions with concerned stakeholders...

‘Sometimes It’s A Boom. Sometimes It’s A Bust.’ Here’s How To Spot The ‘Boom’.

by Euro Times
September 28, 2023
0

At age 99, Berkshire Hathaway Inc. Vice Chairman Charlie Munger's life spans pivotal eras of economic transformation.From the depths of...

How Financial Advisors Can Have More Proactive Life Insurance Conversations

by Euro Times
September 29, 2023
0

While Life Insurance Awareness Month (September), may be ending, that doesn’t mean this sometimes misunderstood financial planning resource is any less...

Next Post

The peculiar realm of the metaverse | metaverse, w3, digital, digital assets, nfts, policy, regulation, the sandbox, blockchain, crypto

Truss cuts go bust; the UK steps away from the edge of fiscal disaster with policy reversal : stocks

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

S&P 500 slumps ~5% in September, notches worst monthly performance of 2023 (NYSEARCA:SPY)

September 29, 2023

Bill Ackman’s ‘SPARC’ gets OK from the SEC and he’s ready for a deal: ‘please call me’

September 29, 2023

IRS Contractor Charged With Leaking Trump Tax Returns To News Outlets

September 29, 2023

An Unacceptable Reality — Global Issues

September 29, 2023

Georgia preparing limited live CBDC pilot, considering Ripple among tech providers By Cointelegraph

September 29, 2023

VW bails on its plan for a $2.1B EV plant in Germany

September 29, 2023
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

S&P 500 slumps ~5% in September, notches worst monthly performance of 2023 (NYSEARCA:SPY)

Bill Ackman’s ‘SPARC’ gets OK from the SEC and he’s ready for a deal: ‘please call me’

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In