From Luxembourg to South-East Asia: Building Digital Citizenship Platforms and CBDCs
LHoFT I 8:51 am, 15th May
The Blockhouse Technology Ltd (TBTL) a leading provider of blockchain and digital asset custody solutions, and MetaBank Pte Ltd, a prominent fintech company focused on financial inclusion, have announced the signing of a landmark agreement. This partnership aims to revolutionize financial access and digital services in Southeast Asia by leveraging The Blockhouse's cutting-edge custody service and Metabank's innovative approach to banking.
Under the agreement, MetaBank Pte is utilizing The Blockhouse's advanced custody solution, developed in collaboration between their research and development teams in Oxford, Zagreb, and Luxembourg, to securely store and manage digital assets. With support from LHoFT - Luxembourg House of Financial Technology, the custody solution is marketed and sold through Luxembourg office, capitalizing on the country's flexible legal framework and supportive policies. This collaboration aims to enhance financial inclusion and facilitate access to essential financial services for millions of people in Southeast Asia, particularly in underserved communities.
Petra Krizan, MD of The Blockhouse Technology in Luxembourg, shared her enthusiasm for the partnership: "We are thrilled to join forces with MetaBank in our quest to bring our innovative technologies to mainstream. Our secure and scalable custody solution, developed through the combined expertise of our Oxford, Zagreb, and Luxembourg teams, along with the invaluable guidance of advisors from leading EU universities, including Oxford University and ETH Zurich, is designed to meet the unique needs of the rapidly growing digital economy in the region. By combining our expertise with Metabank's commitment to financial innovation, we are confident that we can make a lasting impact on the lives of millions."
Frank Sui, Founder and CEO of Metabank Pte, echoed Krizan's sentiments: "Our partnership with The Blockhouse Technology Ltd marks a significant milestone in our mission to expand financial inclusion in Southeast Asia. By leveraging their state-of-the-art custody service, we can provide our customers with secure and seamless access to a wide range of digital financial services, including CBDCs and digital citizenship platforms. We are excited to embark on this journey together and unlock new opportunities for millions of people across the region."
Bill Roscoe, Founder of The Blockhouse Technology, also expressed his excitement about the partnership: "This collaboration with MetaBank highlights our shared commitment to providing secure and privacy-preserving solutions in an increasingly digitized world. By joining forces, we are combining our expertise in custody solutions with MetaBank's dedication to financial innovation, ensuring that we not only drive financial and digital inclusion but also protect the privacy and security of millions of individuals in Southeast Asia and potentially beyond. As we embark on this journey, we are confident that our combined strengths will enable us to develop cutting-edge solutions that empower individuals and communities throughout the region, while safeguarding their digital identities and assets."
This strategic partnership promises to redefine the future of financial services in Southeast Asia. TBTL and MetaBank Pte committed to working together to develop innovative solutions that empower individuals and communities, fostering economic growth and social development in the process.
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