ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
Jan 21, 2021 17:00 JST
Source:
OIO Holdings Ltd
Moonstake Enters Into MOU to Commence Negotiations with SGX-listed OIO Holdings to Become a Subsidiary
SINGAPORE, Jan 21, 2021 - (ACN Newswire) - As of 20th of Jan, Moonstake announced that it signed an MOU with OIO Holdings Limited (OIO), a Singapore Stock Exchange (SGX) listed company, to begin negotiations for OIO to make Moonstake a wholly owned subsidiary.
Moonstake debuted its staking business last year with the aim to create the largest staking network in Asia. Since then, it has developed the most user-friendly staking wallets for both Web wallet and Mobile Application Wallet (iOS/Android) that are compatible with over 2,000 top cryptocurrencies. After a full-scale operation launched in August 2020, Moonstake's total staking assets grew rapidly to reach USD 50 Million. By December, staking assets grew to USD 100 Million and currently, over USD 200 Million. Within a year since its establishment, the company was ranked in the top 20 of the world's 1,692 providers of staking services, and it continues to expand its business strongly.
Moonstake has partnered with more than 10 public blockchains such as Emurgo (one of Cardano's constituent corporations), NEO, Ontology and QTUM, collaborated with reputable DeFi projects and added leading Blockchain experts as advisors. Moonstake's advanced products centered on staking wallets attracted a great deal of attention from the market and rapidly increased a number of users all over the world. Based on the continuous growth, Moonstake has successfully closed its seed round funding and has raised $1.04 Million in Oct 2020.
Moonstake announced its full-scale entry into DeFi, a notable breakthrough in the blockchain industry in 2020, and will use its strengths in staking to make DeFi more usable and accessible for users.
OIO is a company listed on the Singapore Stock Exchange whose main business is providing M&E engineering services, blockchain-related agencies and consulting solution services. OIO has recently expanded into blockchain-related businesses which include sales agency, software development agency and blockchain-related consultancy. In February 2020, Moonstake entered into a strategic business alliance with DLF Holdings Limited (later renamed to OIO) for marketing, software sales, and explore market needs for the staking pool business in Singapore and other Southeast Asian countries.
OIO's vision is to be the best service partner and provider of innovative technology solutions to power the growth of enterprises in Asia and is looking to expand its business not only in the traditional areas but also in the investment and incubation areas. Now, Moonstake and OIO, which have been business alliance partners and are growing rapidly together have started negotiations about acquisition.
About Moonstake
Moonstake was recently established to develop a staking pool protocol to satisfy increasing demands in regional and global blockchain markets. Moonstake develops a staking pool protocol and provides business services through partners and companies.
Moonstake aims to be the largest staking pool network in Asia by providing an active environment for crypto asset holders. Establishing a clear partnership roadmap with Moonstake represents another significant milestone for continuing to strengthen ties with leading platforms across Asia's burgeoning Distributed Ledger Technology (DLT) ecosystem. Partnership has been announced with Emurgo, Ontology and NEO to boost staking adoption, Binarystar, Japan's biggest blockchain hub, OIO Holdings Limited (SGX: OIO), a Singapore Catalist-Listed company. Industry's reputed advisors, such as Lisk and Lawrence Lim of RAMP DEFI support Moonstake's innovative journey.
With a full-scale operation launched in August 2020, we expanded our business and as of now, our total staking assets exceeded over USD 200 Million.
https://www.moonstake.io/
About OIO
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.
https://oio.sg/
Source: OIO Holdings Ltd
Sectors: Crypto, Exchange
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Latest Release
Honda and IBM sign Memorandum of Understanding to Explore Long-term Joint Research and Development of Semiconductor Chip and Software Technologies for Future Software-Defined Vehicles
May 15, 2024 14:30 JST
Eisai Initiates Rolling Biologics License Application to US FDA for LEQEMBI (lecanemab-irmb) for Subcutaneous Maintenance Dosing for the Treatment of Early Alzheimer's Disease Under the Fast Track Status
May 15, 2024 11:19 JST
SMEIC Proposes to Acquire Shanghai Prime: A Catalyst for Developing a New Dual-Wheel Driver Pattern
May 14, 2024 21:54 JST
DENSO and Certhon Introduce Artemy, A Fully Automated Cherry Truss Tomato Harvesting Robot
May 14, 2024 11:02 JST
Supercomputer Fugaku retains first place worldwide in HPCG and Graph500 rankings
May 13, 2024 18:32 JST
Eisai's Antiepileptic Drug Fycompa Approved in China for Adjunctive Treatment of Primary Generalized Tonic-Clonic Seizures
May 13, 2024 17:06 JST
Ogier and TOYOTA GAZOO Racing triumph again
May 13, 2024 14:36 JST
Spa points haul for TOYOTA GAZOO Racing
May 13, 2024 13:56 JST
DOCOMO to Launch NTT DOCOMO GLOBAL for Global Expansion
May 10, 2024 18:13 JST
Release of "Fugaku-LLM" - a large language model trained on the supercomputer "Fugaku"
May 10, 2024 12:20 JST
Paltalk, Inc. Reports Slight Increase in Revenue and 33% Reduction in Net Loss for First Quarter 2024
May 09, 2024 20:39 JST
Cordlife Accelerates Lab and Technical Staff Recruitment to Rebuild Foundation and Strengthen Core Processes in Singapore
May 09, 2024 19:00 JST
Honda Opens New R&D Facility in Bengaluru to Accelerate Electrification in India
May 09, 2024 14:13 JST
Fujitsu introduces "explainable AI" for use in genomic medicine and cancer treatment planning
May 09, 2024 10:41 JST
Mitsubishi Heavy Industries Increases Dividends on Back of Historically High FY2023 Results, Releases FY2024 Guidance
May 08, 2024 14:27 JST
Rome becomes the first European city to offer open loop transit payments to JCB Cardmembers
May 08, 2024 12:00 JST
NEC X Invests in Public Safety Startup Multitude Insights, Scaling AI-Powered Collaboration and Information Sharing for Law Enforcement
May 08, 2024 10:24 JST
ServiceNow and Fujitsu announce strategic commitment to launch innovative cross-industry solutions
May 08, 2024 08:52 JST
Fujitsu launches mainframe modernization automation service for the Japanese market
May 07, 2024 17:53 JST
MHI Agrees to Collaborate with Chiyoda Corporation for Licensing of CO2 Capture Technologies
May 07, 2024 13:49 JST
More Latest Release >>
Related Release
Moonstake Partners with Humans.ai to Help Advance Artificial Intelligence on the Blockchain and Support the AI Startup's Expansion in Asia
February 06 2023 18:00 JST
Moonstake Now Supports Staking of Avalanche (AVAX)
February 02 2023 16:00 JST
Moonstake Partners with Unstoppable Domains for Simplified Crypto Transactions
December 20 2022 18:00 JST
Moonstake Now Supports Staking of Solana (SOL)
December 16 2022 12:00 JST
What is AVAX? Everything You Need to Know About Avalanche
December 01 2022 21:00 JST
Moonstake Receives ssv.network Grant to Integrate Decentralized ETH Staking
November 16 2022 16:00 JST
Moonstake Strengthens Executive Board with Appointment of CMO Pietro Curto
November 15 2022 15:00 JST
What is SOL? Everything You Need to Know about Solana
November 14 2022 14:00 JST
Moonstake Taps Strategic Partner RockX to Integrate SOL Staking
November 10 2022 17:00 JST
Learn & Earn, A New Way For Crypto Investment, Created by MoonWealth, Affiliated To Moonstake
November 01 2022 15:00 JST
More Press release >>