Marvelstone Group backed Global FinTech Hub LATTICE80 has opened a Research and Development (R&D) operation in South Korea, according to a note from the company.
Joe Seunghyun Cho, Founding CEO of LATTICE80 and Chairman of Marvelstone Group, said that South Korea has become one of the most important markets in many areas of Fintech thus resulting in the strategic move.
“KakaoBank and Bithumb are the best recent examples that prove the market opportunity in South Korea,” said Seunghyun Cho. “I believe Seoul is the right place to have an R&D arm to conduct researches on how financial institutions and governments can adopt innovation in technologies such as Crypto and Blockchain.”
Marvelstone Group completed an Memorandum of Understanding (MoU) with the Seoul Metropolitan Government last year to support Fintech startups in Seoul to expand globally. In the extension of this partnership, Marvelstone Group has set up LATTICE80 Korea as an R&D arm to support Fintech and Blockchain startups in Korea more closely.
LATTICE80 recently appointed Former Senator Sang Min Kim as an advisor and is planning to start private sales in its own initial coin offering to support global expansion plans.
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