Zilliqa Capital launches blockchain platform for SE Asia region
By Leandra Monteiro
Singapore-based technology company, Zilliqa Capital announced the official launch of its high-security blockchain platform Zilliqa Research.
Zilliqa Capital will invest in it’s native utility token “ZIL” as a strategic asset, and selectively invest in Zilliqa and relevant non-Zilliqa based businesses. Founded by a highly experienced Board of Directors and management team, the company l has the resources and experience to support businesses and invest in various disruptive technologies. Through a number of strategic investments, it is looking to develop entrepreneurs and cement it’s position as the blockchain platform of choice across Southeast Asia and India.
The company’s goal is to operate as a permanent capital, ecosystem-focused investment company, that will invest in decentralised and FinTech solutions across investing, wealth management, insurance, lending, payments, and remittances, as well as critical infrastructures that will enable Web 3.0.
Michael H. Conn, Chairman, Chief Executive Officer and Co-Chief Investment Officer at Zilliqa Capital said, “Over time, the fintech industry has made significant inroads in realising the vision of its earliest players: an equitable financial ecosystem, distinguished by accessibility, efficiency, and composability. At Zilliqa Capital, we are firm believers in the long-term, life-changing potential of blockchain technology, reflected in our support for promising projects striving to serve the unbanked and underbanked across the ASEAN and India region. We aim to be pragmatic and not dogmatic in seeking and delivering solutions that broaden access to financial services and products that are both accretive to our investors, as well as to the people served by the companies we support. We believe Singapore to be the ideal hub for the development and growth of our innovative approach to investing in the fintech and digital asset space.”
The company will be led by financial services veteran Michael H. Conn, the firm’s Chairman, Chief Executive Officer, and Co-Chief Investment Officer. In order to strengthen the relationship across both entities, Zilliqa Research blockchain’s Co-Founder, President, and Chief Scientific Officer, Dr. Amrit Kumar, will also serve as Zilliqa Capital’s Co-Chief Investment Officer and Director.
On this launch, Mr. Kumar shared, “Zilliqa Research will leverage its strategic relationship with Zilliqa Capital and therefore developers and startups building on the Zilliqa platform will have to look no further for their immediate funding needs.”
IBSi Daily News Analysis
October 07, 2022
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