Lattice80 to conduct initial coin offering next year
By Digital News Asia October 20, 2017
- Goal is to provide an institutional-level platform to support crypto-economics
- Build a licensed platform for APIs where fintech startups can plug-and-play their services
LATTICE80, a fintech hub owned and operated by private investment firm Marvelstone Group, plans to conduct an initial coin offering (ICO) next year.
Only regulated environments in jurisdictions such as Singapore, Japan, London, New York, and Abu Dhabi will be considered. The goal is to provide an institutional-level platform to support crypto-economics.
Lattice80 will partner with licensed platforms to offer services ranging from a licensed cryptocurrency exchange to e-payments, and even a full digital bank.
In addition to supporting open source projects and research, it will also build a licensed platform for APIs into which fintech startups can plug-and-play their services.
Joe Seunghyun Cho (pic), founding CEO of Lattice80 and chairman of Marvelstone Group, said: “We are seeing huge demand and opportunities in ICOs globally. It is changing the demographics of the whole finance industry. We are seeing a clear need to offer a proper infrastructure to support this new field of crypto-economics.”
“We would like to build a system where HNWIs and institutions can participate under properly regulated systems and compliance mechanisms. We want to institutionalise this emerging asset class to offer a new alpha opportunity, with lower co-relation to existing assets in alternative asset portfolios, for institutional investors.”
In addition to conducting an ICO next year, Lattice80 will also open more branches and partner with various stakeholders in Singapore, Japan, London, New York, and more strategic locations in the EU, the Middle East and North Africa (MENA), and Asia.
Marvelstone Group to kickstart world’s largest AI hub in Singapore
CFTE, and Lattice80 to make fintech more accessible to finance professionals
Bridging the Asian and Nordic fintech ecosystems
Author Name :
By commenting below, you agree to abide by our ground rules.