Leading South Korean Internet provider Kakao’s blockchain platform Klaytn is to officially list its KLAY token on Upbit exchanges in Singapore and Indonesia later this month.

According to PR Newswire, the move is part of Klaytn’s efforts to spur the adoption of blockchain technology and strengthen its blockchain leadership role in Asia.

KLAY Listing Furthers Klaytn Blockchain Ecosystem

Klaytn’s website describes it as a “global public blockchain platform.”  The Klaytn mainnet was developed by the blockchain subsidiary of Kakao, Ground X, to provide reliable DLT-based services. 

Ground X is currently in the process of establishing an ecosystem to facilitate the technology’s utilization by businesses and consumers, partnering with major players including LG Electronics and UnionBank to realize its mission of mainstream adoption. 

To solidify its ecosystem, Klaytn has decided to list its KLAY token on Upbit, a crypto exchange operated by fellow South Korean fintech company, Dunamu.  While Upbit is is present in South Korea and is partnered with Bittrex in the United States, KLAY will initially be limited to its exchanges in Singapore and Indonesia. 

Klaytn Gains Momentum to Become Leading Blockchain Platform in Asia

Along with its mission to increase blockchain technology adoption, Klaytn also aspires to be an industry leader in Asia. Jason Han, CEO of Ground X, explained that the hope is for KLAY to attract more interest in Klaytn as a whole.

“With the official introduction of KLAY, we expect more developers and service providers will participate in the growth of the Klaytn platform,” said Han. “Together with our community, we look forward to becoming Asia’s leading blockchain platform.”

Source: www.prnewswire.com

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