Blockchain.com Gets License From Singapore, Uniglo.io Asian Marketing Timing Couldn’t Be Better

Blockchain.com

The crypto exchange Blockchain.com, based in London, has been pre-approved a ‘Digital Payment Token’ license by the Monetary Authority of Singapore (MAS), as first reported by Reuters. This comes as good news for the exchange that has also recently received similar approval to operate in Dubai.

Of the 180 that have applied for a payments license in Singapore since 2020, Blockchain.com is only the 18th to successfully meet the approval so far. Notably, this report comes only one day after Coinbase announced the same approval, potentially showing warming to investment in crypto assets from the city-state.

“Blockchain.com commends the Monetary Authority of Singapore on its transparent regulatory process that prioritizes crypto industry oversight while allowing innovation to thrive,” said Blockchain.com CEO and Co-Founder Peter Smith in one of the companies’ Medium articles.

This will be helpful for Blockchain.com, with greater access to institutional investors, which make up a high proportion of their client base. In addition, the company’s expansion and onboarding of new clients will be a priority after losing $270 million from the defaulted loan to failed crypto fund Three Arrows Capital.

Giving access to a new customer base will be great news for any crypto projects listed on the website.

Uniglo.io

Uniglo.io have recently begun an advertising campaign in Asia, as seen through their Telegram https://t.me/GloFoundation and various other communication channels.

The project will issue GLO, a deflationary token backed by a vault of investments. The vault will store real-world tokenized assets like watches, real estate, and gold. This will generate a solid floor for the token price, designed to protect investors from significant downside.

In addition, the Uniglo Signature Ultra Burn is designed to constantly remove GLO from circulation, increasing each token’s ‘share’ of the vault to increase the value.

This solid-looking project is moving toward the last pre-sale stage here https://presale.uniglo.io/register  and will likely sell out.

Conclusion

With this great news for Blockchain.com and their moving into new areas of the world, new projects like Uniglo.io will be looking to leverage the potential from these new sales routes in a bid for global recognition.