Alisa Davidson
Printed: February 13, 2025 at 3:23 am Up to date: February 13, 2025 at 3:23 am
Edited and fact-checked:
February 13, 2025 at 3:23 am
In Temporary
Union Fintech introduced the launch of Union Chain, a blockchain platform powered by ZKsync know-how and supported by regulated exchanges and licensed RWA tokenization platforms all through Southeast Asia.
Fintech firm based mostly in Singapore, Union Fintech introduced that it has launched Union Chain, a blockchain platform powered by ZKsync know-how. The platform is supported by regulated exchanges and licensed Actual World Asset (RWA) tokenization platforms throughout Southeast Asia, together with Coinhako, Indodax, and Cash.ph, Cash.co.th, InvestaX, and IXSwap.
Union Chain is a ZK Chain designed to attach the realms of cryptocurrency and conventional finance (TradFi). It achieves this by integrating prime centralized exchanges (CEXs) with licensed RWA tokenization leaders and superior blockchain know-how to facilitate the creation, issuance, distribution, and buying and selling of digital belongings and tokenized monetary merchandise. This strategy unlocks new markets and use circumstances, interesting to each cryptocurrency fans and the following wave of cryptocurrency customers.
Union Chain was developed to handle fragmentation, regulatory challenges, and interoperability points between TradFi and cryptocurrency. By leveraging regional licenses, on/off ramps, native stablecoins, and the community of exchanges, Union Chain provides complete toolkits for licensing, fiat integration, and distribution. This infrastructure facilitates seamless interplay between conventional finance and the cryptocurrency world, opening up new alternatives and use circumstances.
Union Chain’s Testnet To Focus On RWA, Funds, Regional Enterprise Adoption, And Market Entry
By leveraging the licenses and experience of InvestaX (CMS, RMO) and controlled CEXs, Union Chain goes past conventional tokenization platforms. It provides a complete suite of RWA options, masking structuring, issuance, tokenization, distribution, and fiat on/off ramps, making certain a easy transition for TradFi firms into the cryptocurrency house. Moreover, by offering entry to the on/off ramps and native stablecoins from platforms like Indodax, Cash PH, Coinhako, and Cash TH, Union Chain facilitates quicker, cost-effective remittance options tailor-made to the Southeast Asian market.
With regional licenses, native experience, consumer entry, and devoted assist groups, Union Chain is well-positioned to offer compliant blockchain options, driving adoption in Southeast Asia and, finally, the broader Asian market. In the meantime, builders utilizing Union Chain will acquire entry to over 20 million KYC’ed customers inside a complete addressable market of 600 million potential customers. Union additionally plans to collaborate with extra CEXs sooner or later.
By integrating Union Chain’s regulated infrastructure with the scalability and safety of ZKsync, this collaboration is about to revolutionize each Web3 and TradFi sectors, providing superior compliance, market attain, and technological functionality. The choice of main regulated cryptocurrency exchanges in Southeast Asia to undertake ZKsync know-how additional solidifies the Elastic Community as a key ecosystem for asset tokenization.Â
The ZK Stack infrastructure allows monetary establishments to tokenize and subject compliant RWAs on Union Chain, whereas connecting regulated exchanges and issuers, facilitating the move of crypto liquidity and yield into TradFi markets. This leads to decrease transaction prices, higher liquidity sources, and better yields via dependable on/off-ramps.
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About The Writer
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising developments and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
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Alisa Davidson
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising developments and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
Extra articles
