gumi Cryptos Capital and HashKey Capital invest in Tassat accelerating blockchain based digital cash adoption in Asia
NEW YORK–(BUSINESS WIRE)–Tassat, a global financial technology provider of innovative solutions bridging traditional and digital asset markets, has announced investments from strategic Asian investors gumi Cryptos Capital and HashKey Capital. They join a growing list of strategic investors in the company that include US-based Signature Bank, ConsenSys and CMT Digital.
Their investments support Tassat’s strategy to extend its footprint to Asia and accelerate adoption by banks of its blockchain-based infrastructure solutions including rapid cross border payments and real-time treasury management using digital cash.
Its products help financial institutions and fintech firms eliminate the points of friction in the cross-border payment and transaction chains, while also promoting open banking and enabling the rollout of new and differentiated services to retail and commercial customers.
Tassat CEO Thomas Kim, said: “We are honored to welcome gumi Cryptos and HashKey Capital as strategic investors at a time where adoption of our payments and treasury management infrastructure is growing. Both firms share Tassat’s vision to help transform the global payments and treasury management landscape in a much needed way.”
Rui Zhang, Managing Director of gumi Cryptos Capital said: “We are excited to back Tassat’s accomplished team and its pragmatic approach to bringing blockchain enabled solutions to financial institutions. Its payments and settlement platform will play a key part in enabling cross border payments amongst corporate clients of banks in a truly frictionless way.”
Chao Deng, CEO of HashKey Capital said: “We are delighted to partner with Tassat in their endeavor to be a global leader in building a blockchain-based infrastructure that enables institutions to tokenize, transfer, exchange and settle digital assets and we support its team’s vision and proven track record to deliver.”
Tassat is a New York-based global financial technology provider of innovative solutions to financial markets utilizing blockchain-based technologies to enable frictionless asset transfer and settlement. Tassat has also created the first-of-its-kind margined deliverable swap contracts on Bitcoin as well as the first institutional OTC-based digital asset reference rates. For additional information, please visit tassat.com or connect with the Company on Twitter or LinkedIn