OIO Holdings (SGX:OIO) announced it was undertaking the promotion of Pundi X, a Singapore leading developer of blockchain-powered devices and services to grow and enhance the organizations’ ability to deliver world-class services to communities in Asia.
Pundi X is a partner of Moonstake Pte Ltd, which OIO is jointly running its staking business with Moonstake, together with Binarystar Co., Ltd. in Japan, entered into a strategic partnership with Pundi X.
OIO will leverage its network and relationships in Singapore and Southeast Asia to drive adoption of Pundi X blockchain devices in Q3 and Q4 of 2020, and beyond.
Fan Chee Seng, OIO Executive Chairman said, “We are thrilled to bring Pundi X into our client roster of leading blockchain innovators. We further see synergy between our clients for business development in the months ahead.”
Moonstake was recently established to develop a staking pool protocol to satisfy increasing demands in regional and global blockchain markets.
Recently Moonstake launched Moonstake Web Wallet, enabling full staking functions and to be an all-in-one gateway for users to maximize usage and potentials of cryptocurrency.
“Pundi X keeps innovating the ways to harness the power of blockchain technology to facilitate financial inclusion and they make digital currencies to be more accessible to more people across the borders and further increase the value of digital currencies for all. We believe the joining of Pundi X will create a new era of a decentralized world to improve,” said Mitsuru Tezuka, Founder at Moonstake.
Chia Hok Lai, Chief Strategy Officer at Moonstake and co-chairman of Blockchain Association Singapore confirmed “We are excited to partner Pundi X, together with Binarystar. With a clear shift towards proof-of-stake consensus, we are bringing our world-leading staking technology to the world of digital payments and transactions. Pundi X has proven that they have the best expertise in blockchain-based payments with their XPOS technology and the partnership will improve accessibility to staking services for the community.”
Pundi X is a leading developer of blockchain-powered devices and services, including the world’s first blockchain POS (point-of-sale) solution, the XPOS, which enables merchants and consumers to do transactions on the blockchain in physical stores.
XPOS has successfully received CE (Conformité Européenne) , FCC, KC, Japan’s MIC, UAE’s TRA certification.
It has been shipped to over 30 countries including Argentina, Australia, Brazil, Colombia, Korea, France, Switzerland, South Africa, Taiwan, the USA, Uganda, Venezuela and more.
Zac Cheah, CEO and co-founder of Pundi X stated, “We are happy to collaborate with Moonstake as a strategic partner. Also, we are excited to have Moonstake’s partner Binarystar to join the XPOS family.
We will work together to bring world-leading, blockchain-based XPOS technology together with staking technologies and maximizing the synergy of the transparency and efficiency of blockchain businesses.”
About Moonstake Pte Limited
Moonstake Pte Limited is a Singapore-based technology company with a specific focus on blockchain and staking technologies.
Moonstake has been established with a group of highly reputed blockchain authorities including a founder of CTIA and C-level members of globally known projects.
It develops various staking products for both B2B and B2C customers and has partnered with major players in Singapore, Vietnam, and Japan.
About Pundi X
Based in Singapore, Pundi X specializes in future-proofing businesses by enabling digital payments and transactions.
Their point-of-sale system, the XPOS, is set to deploy for use in over 30 countries and lets merchants and consumers transact on the blockchain in physical stores.
Pundi X has also developed Function X, a next-generation, decentralized internet service framework and Blok On Blok, the world’s first fully-functional blockchain phone.
The company currently has offices in Jakarta, São Paulo, Seoul, Shenzhen, Taipei, and Tokyo.
About Binarystar Co., Ltd.
Binarystar Co., Ltd. is a leading Japanese incubation platform with Japan’s biggest Blockchain business hub in the heart of Tokyo. It has multiple proprietary outlets to promote blockchain businesses to companies throughout Japan and East Asia and operate as a consulting body to accelerate business in such areas.
Recently, Binarystar announced the launch of a physical asset management system of blockchain add-on type with Toukei Computer Co,. Ltd., a Tokyo Stock Exchange listed company (first section). It also has expanded major blockchain partners, including Ontology and Harmony.
About OIO Holdings Limited
OIO Holdings Limited (“OIO”) is a Singapore Exchange-listed firm whose core businesses are the provision of mechanical and electrical (“M&E”) engineering services, and blockchain-related agency and consulting solution services.
Over the years, OIO has developed extensive expertise as an M&E engineering services and solution provider.
It has built up a strong network with well-established customers who are often engaged in luxury resorts or well-known projects in Singapore and the region such as Sengkang General Hospital and Sheraton Towers Singapore Hotel.
OIO has recently expanded into blockchain-related businesses which include sales agency business, software development agency business and blockchain-related consultancy businesses.
OIO’s vision is to be the best service partner and provider of innovative technology solutions to power the growth of enterprises in Asia.
Media Contact: Al Leong, Head of Marketing, email: [email protected]
Investor Relations Contact: Taku Edatsune, Head of Finance and Administration, OIO Holdings Limited, email: [email protected]
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