UniSwap Project KingSwap Claims Title as First Regulated DeFi Offering, Announces Advisory Board

KingSwap, described as a high-yield liquidity platform offering staking and digital collectibles (NFTs), has announced its advisory board with some high profile names. The KingSwap board includes Michael Terpin, founder, BitAngels and Transform Group; Lionel Iruk, Esq, Managing Partner and General Counsel at Empire Global Partners and Iruke Legal Inc; and Robert Choi PhD., founder and CEO of MKTForum and Lean Startup Korea.

The advisors join KingSwap co-founders Dunstan Teo, Chief Architect of the Fido Protocol, CTO and prominent blockchain researcher Dr. Anish Mohammed, former Bank of Singapore Director Ho Chin Shin, KingSwap Board Member, and the rest of the KingSwap. According to a release, the project will launch on Uniswap later this month.

Ho Chin Shin, KingSwap Board Director, said these advisors have a stellar track record of excellence and success, and are committed to supporting the KingSwap project.

“We’re excited to have their support as we prepare for the launch of this exciting new DEX,” said Dr. Anish Mohammed, KingSwap CTO.

KingSwap says it is a regulated DeFi project, the first of its kind, based out of Singapore that is introducing a liquidity pool platform with fiat conversions. It was not immediately clear if the Monetary Authority of Singapore was the regulator of record of the firm or another agency.

Singapore has emerged as a jurisdiction that has encouraged Fintech innovation.

 


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