Bezant, a blockchain startup based in Singapore, recently announced that Korea Prepaid Card has become its second-largest shareholder, though no terms of the deal were disclosed.
According to a report by CoinDesk, Bezant has been a provider of Blockchain-as-a-Service (BaaS) based on Hyperledger Fabric technology since April 2019. The firm also has its own cryptocurrency called BZNT. The company’s coin is currently ranked at around #320 in terms of approximately US$8 million capitalization, as reported by CoinMarketCap.
The startup has inked several partnerships with other companies in the region, including fintech Hanjudo and database management firm Chequer – both of which are based in South Korea. Bezant’s partners in Thailand include Nova Learning and peer-to-peer lender Transwiz.
Bezant announced in June that it was joining the crypto exchange Binance, making its BZNT available for trading on Binance DEX as of 7 July.
Although based in Singapore, Bezant has a strong connection to South Korea as its chief cryptocurrency officer Daesik Kim is from there and also a co-founder of the world’s 17th-ranked exchange, Bithumb. Its lead engineer, Jeyce Jung, was also a lead software developer at KakaoPay.
Korea Prepaid Card is the leader in the country’s $10 billion prepaid industry, offering integrated services solutions to issue prepaid cards, distribute/top-up, and offer payments/settlements for various prepaid payment methods, including gift cards, vouchers, and coupons. It has been developing and employing new technologies to offer real-time connection between involving parties in the prepaid value chain.
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