LATTICE80 announced the world’s largest Fintech Hub in Singapore with great fanfare at the end of 2016. The Singapore hub was housing almost 100 Fintech startups at one point. Expectations were to open 10 more hubs globally housing a thousand Fintech focused startups. Today, the Singapore location has changed addresses and now it is changing strategies from all of Fintech to just Blockchain based startups as a Crypto Hub.
The company has announced that the LATTICE80 Crypto Hub will become the main facility in Singapore as the Fintech Hub is discontinued. LATTICE80 Fintech Hub will, however, continue to operate across other markets. Last month, LATTICE80 announced it was moving its headquarters from Singapore to London.
Joe Seunghyun Cho, Co-founder and Founding CEO at LATTICE80, says that despite their move to London, Singapore remains a hotbed for innovation. There are more than 30 Fintech labs and hubs in Singapore now home to approximately 400 Fintech startups.
“What is missing, despite massive interest, is a balanced ecosystem for Blockchain and crypto startups in the country,” says Cho. “In my regular interactions with various founders and other important people in the industry, a demand for the expertise LATTICE80 brought to Fintech is evident. The potential to collaborate, learn, and co-create needs to be addressed and it needs to addressed now. A place where startups can pitch and test their ideas daily with the community is required.”
Cho believes that LATTICE80 will set the benchmark in Singapore for Blockchain adoption and crypto advocacy;
“This is an exciting time and we shall share more about the Crypto Hub soon,” says Cho.