Blockchain.com
Blockchain.com, a London- based cryptocurrency exchange that is backed by investors like Lightspeed Venture Partners, has successfully received approval for a ‘Digital Payment Token’ license from the Monetary Authority of Singapore (MAS). The exchange is now the 18th to be approved of 180 that have applied for this payments license, which comes only one day after Coinbase also reported receiving a similar license.
This will be good news for Blockchain.com which has also recently received similar approval to operate in Dubai.
Peter Smith, CEO and Co-Founder of the company was quoted in a Medium article as saying “Blockchain.com commends the Monetary Authority of Singapore on its transparent regulatory process that prioritizes crypto industry oversight while allowing innovation to thrive.”
After losing around $270 million by lending to the now-defunct Three Arrows Capital, finding a footing in Singapore will be beneficial to increasing their institutional database, which is the majority of Blockchain.com’s client base.
Opening up to a new market will be extremely positive for any crypto projects that are listed on the exchange and will create great exposure into South East Asia.
Uniglo.io
Uniglo.io have recently begun an advertising campaign in Asia, as seen through their Twitter Uniglo.io ? Presale Is LIVE (@GloFoundation1) / Twitter and Telegram: Contact @GloFoundation.
The project will issue GLO, a deflationary token backed by a vault of investments. The vault will store real-world tokenized assets like watches, real estate, and gold. This will generate a solid floor for the token price, designed to protect investors from significant downside. A big draw is the Uniglo Signature Burn system which will constantly remove GLO from circulation, increasing each token’s ‘share’ of the vault to increase the value.
This project is currently in its presale phases and has shown a high likelihood of selling out before the ICO is over. You can check out the presale here: https://presale.uniglo.io/register
Conclusion
The Uniglo.io team will no doubt have their eye on Blockchain.com’s move into the Asian market. The exposure this brings would be perfect for launching this promising young platform onto the next level.
