HWGG Capital expands regional footprint
By Digital News Asia January 11, 2022
- The company is expanding into Singapore, Dubai, Kazakhstan
- Expansion is expected to commence 1st quarter of 2022
HWGG Capital P.L.C (HWGGC), a blockchain payment solutions provider licensed under Labuan Financial Services Authority (LFSA) Malaysia, is expanding its regional footprint to Singapore, Dubai and Kazakhstan.
In a statement, the company said the regional expansion is expected to commence in the first quarter of 2022.
Speaking on the expansion, Mavis Mok, chief executive officer of HWGG Capital said the move to go beyond Asia Pacific will mark a milestone moment in the growth of the company’s business as it aims to introduce its products and services to the global audiences.
“This is our key payment platform that spurs the adoption of blockchain for financial services among companies and individuals across the region,” Mok said.
The expansion comes at a time when digital currency trends are on the climb.
According to a research paper by Allied Market Research, the market size is expected to reach US$5 billion (RM20.9 billion) by 2030.
Additionally, recent developments have shown that digital currency is more readily accepted as an official mode of payment and capital investment from international businesses across a wide range of industries, the company said.
In Singapore, the government has a clear strategy on regulating the cryptocurrency market and this regulatory framework has reassured crypto investors in the country, it added.
“Our objective is to provide better support to our customers across Asia Pacific, Middle East, Africa, South Asia, and Europe regions through the establishment of our new subsidiary companies,” Mok said.
He said the advanced framework and well-placed regulatory measures in these countries are integral to create a digital currency-friendly environment.
He added that HWGGC welcomes the opportunity to work with companies looking for expertise in offering financial services from digital currency related space, such as payments & settlements, investment, and remittance, under a secure and protected manner.
HWGG Capital was founded in 2017 to offer digital asset management services through its HWGCash App platform.
For more information about HWG CASH’s Ecosystem, please visit www.hwgcash.com
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