TOP PAGE
ENGLISH
JAPANESE
|
CONNECT WITH US:
Home
About
Services
Contact
Log in
*
Home
Press release
Jan 21, 2021 17:00 JST
Source:
Moonstake
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: Moonstake
Sectors: Crypto, Exchange
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Related Press 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 >>
Latest Press Release
New Immuno-Oncology Research Project in Partnership With Merck Starts at the BioMed X Institute in Heidelberg
May 02, 2024 22:13 JST
Four-strong TOYOTA GAZOO Racing squad to push for more Portugal success
May 02, 2024 18:05 JST
Spectacular Spa awaits TOYOTA GAZOO Racing
May 02, 2024 17:46 JST
Q&M Dental Enhances Digital Capabilities by Integrating Align Technology's Newest iTero Lumina(TM) Intraoral Scanner Across Dental Clinics in Singapore
May 02, 2024 11:00 JST
Sumitomo Metal Mining and Mitsubishi Corporation to Participate in Kalgoorlie Nickel Project - Goongarrie Hub
Apr 30, 2024 19:08 JST
SPARX Group Establishes Space Frontiers Second Fund
Apr 29, 2024 18:49 JST
MHI Establishes Local Subsidiary "Mitsubishi Heavy Industries Vietnam"
Apr 29, 2024 18:00 JST
POSCO Future M and Honda Reach Basic Agreement on Collaboration for Production of Cathode Materials for Automotive Batteries in Canada
Apr 29, 2024 14:25 JST
Honda Plans to Establish Comprehensive Electric Vehicle Value Chain in Ontario, Canada
Apr 29, 2024 14:16 JST
JCB enables JCB Contactless acceptance at Taichung MRT in Taiwan
Apr 26, 2024 10:00 JST
Mazda Production and Sales Results for March 2024 and for April 2023 through March 2024
Apr 25, 2024 18:21 JST
MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park
Apr 25, 2024 17:45 JST
GAC Honda to Begin Sales of All-new e:NP2, the Second Model of e:N Series
Apr 25, 2024 16:50 JST
Toyota Exhibiting at Beijing Motor Show 2024
Apr 25, 2024 16:25 JST
Honda Reaches Basic Agreement with Asahi Kasei on Collaboration for Production of Battery Separators for Automotive Batteries in Canada
Apr 25, 2024 11:10 JST
UNIQLO Sponsors KAWS + Warhol Exhibition Tour, Starting in Pittsburgh
Apr 25, 2024 09:00 JST
Mitsubishi Power Begins Commercial Operation of Seventh M701JAC Gas Turbine in Thailand GTCC Project; Achieves 75,000 AOH To-Date
Apr 24, 2024 17:19 JST
MC and Denka Sign J/V Agreement in Fullerene Business
Apr 24, 2024 17:02 JST
Mitsubishi Motors Posts Record Sales in the Philippines in FY2023
Apr 24, 2024 13:56 JST
NEC Develops High-speed Generative AI Large Language Models (LLM) with World-class Performance
Apr 24, 2024 13:25 JST
More Latest Release >>