CryptoEconomics: Largest Fintech Hub in the World, LATTICE80, will do an ICO

LATTICE80, the world’s largest Fintech hub based in Singapore, will launch an Initial Coin Offering (ICO) at some point next year. Specific details on the ICO were not made available. LATTICE80 did disclose the ICO would only be made available in regulated environments including Singapore, Japan, United Kingdom, United States and Abu Dhabi. LATTICE80 said the intent was to “provide an institutional-level platform to support cryptoeconomics.”

LATTICE80 said it will partner with licensed platforms to offer services ranging from a licensed cryptocurrency exchange to e-payments, and 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.

LATTICE80 is owned and operated by Marvelstone Group, a private investment firm based in Singapore. Joe Seunghyun Cho, founding CEO of LATTICE80 and Chairman of Marvelstone Group, commented on the anncouncement;

“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 a this new field of cryptoeconomics. 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.”

LATTICE80 has been aggressively expanding its footprint around the world. While Singapore may be home base, Fintech is a global phenomenon. LATTICE80 will be opening more branches and partnerships along with established locations. LATTICE80 has, or will have, a presence in Japan, London, New York, MENA and elsewhere in Asia and the EU.

 


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