HKD.com Announces M+A with Technicorum Holdings, Creating $100m Valuation in Singapore
SINGAPORE & HONG KONG – JUNE 28 , 2022 Hong Kong Digital Asset Exchange Limited (HKD.com), a leading digital asset exchange in Hong Kong, today announces that the company has entered a joint strategic partnership and merger and acquisition with Technicorum Holdings (www.technicorum.com), diving further into the $163 billion annual global blockchain market. The merger company, formerly known as Gravitas International Associates Pte Ltd, a Singapore regulated Payment Services Act exempt company, will be newly renamed as HKD.com (Singapore) Pte Ltd, which will allow both groups to leverage each other's strengths and networks to get more deeply entrenched in the blockchain industry. With regulated payment services globally, a leading centralised exchange app and platform, a regulated token launchpad, expertise from ICO’s to IEO’s, IDO’s, IGO’s, DeFi and NFT’s, as well as recently GameFi, SocialFi, and the Metaverse, this strategic partnership is a great enabler for both HKD.com as well as Technicorum.
Kelvin Yeung(on the right), CEO of HKD.com and Daniel Daboczy, CEO of Technicorum on the signing ceremony
Kelvin Yeung, CEO of Hong Kong Digital Asset Exchange Limited, and the incoming new CEO of HKD.com (Singapore) Pte Ltd said, "We strongly believe that regulatory compliance is a very important step for the exponential growth of the blockchain and digital assets industries, and HKD.com (Singapore) Pte Ltd is well equipped to provide holistic enterprise level regulated platforms, apps and a suite of services and products to the international markets."
Commenting on the strategic partnership with Hong Kong Digital Asset Exchange Ltd, Daniel Daboczy, CEO of Technicorum, said, "This merger leverages the unique strengths of Technicorum Holdings, and Hong Kong Digital Asset Exchange Limited www.HKD.com. By combining our respective resources and areas of expertise, as well as the geographic locations served by both groups, the newly constituted HKD.com (Singapore) Pte Ltd is poised to claim an increasing stake in the rapidly growing global blockchain and digital assets industries."
The strategic business partnership between Hong Kong Digital Asset Exchange Limited(HKD.com) and Technicorum Holdings allows both groups to complement each other’s strength and technical capabilities. The partnership aims to better solve existing challenges and to create new opportunities within the rapidly growing blockchain and digital assets industries. This partnership will accelerate the revenue growth of both groups while strengthening their positions as leading digital assets providers and thought leaders in the NFT’s, decentralised finance market and cryptocurrency space. Together, the parties have created a Singapore local company with a valuation of USD 100 million.
ABOUT HONG KONG DIGITAL ASSET EXCHANGE LIMITED (HKD.COM)
Hong Kong Digital Asset Exchange (HKD.com) is a world-class digital asset trading platform based in Hong Kong and facing the world. HKD.com is committed to the materialisation and popularisation of digital currency. In addition to the secure online digital currency trading platform, it has also set up a digital currency trading entity store with a floor space of nearly 10,000 square feet in a core commercial area of Hong Kong and is presently one of the largest digital asset exchanges in Hong Kong.
Hong Kong Digital Asset Exchange (HKD.com) is also in a group of companies that are regulated, with licences in Hong Kong (TCSP Licence, and Money Lenders Licence for its subsidiary), the USA (MSB licence in all states), Canada (MSB licence), Australia (Austrac licence), Estonia (Digital Assets company), UAE - DMCC (licensed company).
HKD.com flagship store in the heart of Kowloon Hong Kong
Technicorum Holdings is a global investment and compliance company headquartered in Singapore. The Technicorum Group's portfolio spans a broad spectrum of services in the digital asset space with full solution capabilities to launch and incubate projects through its subsidiaries. Technicorum Holdings is responsible for the provision of regulatory compliance services, programmes, and communications for its portfolio companies and clients. Technicorum subsidiaries and business units deliver action plans and support for businesses to meet the regulatory obligations and expectations of various jurisdictions in the field of compliance.
Technicorum Holdings comprises several subsidiaries, some of which are regulated, and specialise in various industries in the field of digital assets, DeFi, GameFi, SocialFi, the Metaverse etc. Its fully-owned subsidiaries have numerous reference projects and clients, including over 100 ICOs/IEOs/IDOs/IGOs/STOs completed over the last 5 years.
For more information, please visit: www.technicorum.com
Image source: HKD.com