Singapore-based Zilliqa Research Pte. Ltd., the “high” security, high speed, and low fee Layer 1 blockchain protocol firm, and its sister company Zilliqa Capital Pte. Ltd, the tech firm whose goal is to become the “central business and investment hub” for Zilliqa, recently announced that they’ve become members of the Chamber of Digital Commerce, a major trade association representing the digital asset and blockchain sector.
Through their memberships, Zilliqa and Zilliqa Capital will aim to expand their presence in the US market and work closely with the roster of partners and thought leaders across technology, digital assets, finance and policy, “gaining critical access to new market and investment opportunities with some of the country’s leading projects,” according to a release shared with CI.
Amrit Kumar, Co-founder, President and Chief Scientific Officer at Zilliqa, stated:
“With a large network of the world’s leading figures in the blockchain industry, it is indeed a privilege to join the Chamber of Digital Commerce alongside our peers in order to further the valuable discussions around digital assets and blockchain. By leveraging the Chamber’s network, we will be able to open as many doors as we can throughout the North American market for broader exposure for our community.”
Given the US’ prominence in shaping key developments across the blockchain and crypto space, membership at the Chamber of Digital Commerce will offer access to a wide network of members and partners and will “allow Zilliqa to play a leading role in participating in discussions on critical policy developments such as security tokens, while bringing about greater exposure to the US blockchain industry for the global ZIlliqa community,” the announcement noted.
Michael H. Conn, Chairman, CEO and Co-Chief Investment Officer at Zilliqa Capital, remarked:
“With the global cryptocurrency market valued at close to $2 trillion and growing, and with real “brick and mortar” companies finally being built that are and will solve for real world challenges, we view this as the key moment to announce this partnership. We are seeking to invest in the best projects globally that can both generate revenues, while also helping to drive financial inclusion. North America and the US continue to be leading markets for innovation and we look forward to leveraging the Digital Chamber’s birds-eye seat to ensure we are abreast of critical regulatory and thought leadership developments happening in the global digital assets and blockchain industry. “
Joining the Chamber of Digital Commerce is a significant milestone for Zilliqa Capital as they remain focused on expanding the Zilliqa ecosystem throughout the world while fostering “greater conversation and collaboration between the leading US industry players in the blockchain space.”
As mentioned in the release, this is a “strong” stepping stone for Zilliqa Capital towards their goal of putting $200 million to $1 billion to work “in and around the Zilliqa ecosystem globally over the next two to three years, and ensures that we have a seat at the US-based dealflow table.”
Established in 2021, Zilliqa Capital aims to strategically invest in and around Zilliqa’s ecosystem in Zilliqa and relevant non-Zilliqa based initiatives. The company says it’s targeting investments in decentralized and Fintech solutions, “across payments, remittances, lending, insurance and investments, as well as NFTs/gaming and other critical infrastructures that will enable Web 3.0.”
Zilliqa Capital is “specifically focused on driving financial inclusion by investing in technological innovation globally,” the release noted.
Perianne Boring, Founder and President at Chamber of Digital Commerce, added:
“The Chamber of Digital Commerce is thrilled to welcome both Zilliqa and Zilliqa Capital into our membership. Their mission to increase financial inclusion and champion actual use cases on blockchain technology platforms align well with the Chamber’s goal to promote the use and acceptance of blockchain based technology and digital assets.”
The Chamber of Digital Commerce is focused on creating an environment that supports innovation, jobs, and investment via education, advocacy, and collaboration with policymakers, regulatory agencies, and the wider industry.
The Chamber of Digital Commerce has formed “a thriving community, with members across start-ups, software companies, global IT consultancies, financial institutions, investment firms and law firms, with initiatives spanning token, smart contracts, and blockchain alliances, state working groups, the digital assets accounting consortium, and the blockchain intellectual property council,” the announcement noted.