Fintech PR
Blocto Launches $1M Polygon Ecosystem Accelerator to Supercharge Seamless Web3 Onboarding
NEW YORK, July 21, 2023 /PRNewswire/ — Blocto, a leading cross-chain wallet application and multi-chain Web3 ecosystem, has today unveiled a $1 million grant program to fast track user onboarding to Web3 by enabling fast, seamless, and secure wallet creation on the Polygon protocols. This follows extensive efforts to bolster account abstraction (AA) capabilities across the Web3 ecosystem at the recently concluded EthCC, where Blocto had announced the launch of its AA-compatible wallet to further enable everyday users to seamlessly interact and engage with digital assets.
Intended to augment accessibility of Blocto’s seamless wallet experience to users across the Polygon ecosystem, the grant enables decentralized applications (“dApps”) to integrate Blocto’s coinless, 30-seconds user onboarding experience directly in-dApp with just two lines of code. This is in line with Blocto’s strategy of making blockchain technologies more user-friendly for mass adoption, facilitating the onboarding of the next million users onto Web3.
Exclusively available for projects building on Polygon, builder incentives of up to $1 million will be deployed across an engagement period of 3 months. In addition to financial support and developer tooling resources, selected projects are provided marketing and operational support with dedicated access to Blocto’s vast user base, developer relations teams and communication channels. Enrolled applicants that have newly launched on Polygon will also be guaranteed access to Polygon Village upon registration, the leading blockchain’s eponymous ecosystem program.
Hamzah Khan, Director of Growth at Polygon Labs, said: “Our vision at Polygon Labs is seeing scalable, affordable, secure and sustainable blockchain technology for Web3 being broadly available. Blocto’s cross-chain wallet application on Polygon provides dApp builders and projects building on the Polygon ecosystem with seamless access to blockchain wallets by bringing user experience to the forefront. By prioritizing simplicity and ease-of-use, these efforts accelerate the development of user-friendly Web3 technologies to propel the industry forward.”
Hsuan Lee, Co-founder and CEO, Blocto, said: “Blocto is committed to empowering individuals to meaningfully interact with exciting opportunities within the Web3 ecosystem, without complexities of managing their digital assets. As one of the most well-recognised, leading blockchain ecosystems that has been bridging the worlds of Web2 and Web3, Blocto’s integration with the Polygon protocols and engagement with the Polygon ecosystem will create user-friendly and secure portals for frictionless onboarding experiences. Together, we are thrilled to contribute to the democratization of blockchain technologies and foster the widespread adoption of next-generation tech innovation.”
Known for its plug-and-play modules, Blocto SDK allows dApp developers to significantly increase chances of onboarding funnel conversions. With email and social logins, Blocto wallet users are able to conveniently access dApps, manage cryptocurrencies, engage in token swaps, and manage non-fungible token (“NFT”) transactions all in one mobile app. Transaction fees are effortlessly managed via its universal gas fee solution, Blocto Points, or through ERC-20 tokens.
Interested applicants can apply for the program through Blocto’s Ecosystem Program page, subject to rigorous review by the Blocto committee. Eligible projects will be evaluated holistically across assessment factors of project impact, innovation, feasibility, and alignment with Blocto’s strategic business objectives.
Since its Series A round in February 2023, Blocto has amassed 100+ integrated ecosystem partners, over 1.6 million active users, and increased its company valuation eightfold to $80 million. Leveraging investor support from strategic partners Mark Cuban, IPX and 500 Global, the company continues to enhance expansion of its interconnected multi-chain ecosystem as seen in the Blocto Ecosystem Program on Polygon, while bolstering product and infrastructure development aimed at simplifying the Web3 onboarding process.
The Blocto Ecosystem Program on Polygon marks the first phase of the company’s ecosystem accelerator efforts in 2023.
Interested developers can apply via the Blocto Ecosystem Program on Polygon application form. For more information, please visit: https://www.blocto.io/ecosystem-program-on-polygon
About Blocto
Blocto is an all-in-one cross-chain smart contract wallet ecosystem that offers a seamless, unified experience in a comprehensive platform. Blocto SDK enables instant Web3 integration for builders, developers and innovators with significantly lowered user acquisition costs.
Since its founding in 2019, Blocto has been an industry pioneer in the field of account abstraction (AA), driving wide-scale adoption of digital assets — by launching one of the most extensive ERC-4337 compatible crypto wallets, prioritizing user experience and simplifying the onboarding process.
Today, Blocto is one of the most influential blockchain projects in the industry, having recently secured a Series A funding round with investors like Mark Cuban, IPX (previously Line Friends) and 500 Global.
Website | Twitter | LinkedIn | Discord | Medium | Github
About Polygon Labs
Polygon Labs develops Ethereum scaling solutions for Polygon protocols. Polygon Labs engages with other ecosystem developers to help make available scalable, affordable, secure and sustainable blockchain infrastructure for Web3. Polygon Labs has initially developed a growing suite of protocols for developers to gain easy access to major scaling solutions, including layer 2s (zero-knowledge rollups), sidechains, app-specific chains and data availability protocols. Scaling solutions that Polygon Labs initially developed have seen widespread adoption with tens of thousands of decentralized apps, unique addresses exceeding 287 million, over 1.4 million smart contracts created and 2.7 billion total transactions processed since inception. The existing Polygon network is home for some of the biggest Web3 projects, such as Aave, Uniswap, and OpenSea, and well-known enterprises, including Robinhood, Stripe and Adobe. Polygon Labs is carbon neutral with the goal of leading Web3 in becoming carbon negative.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for dApps you develop, get started here.
Website | Twitter | Developer Twitter | Telegram | LinkedIn | Reddit | Discord | Instagram | Facebook
View original content:https://www.prnewswire.co.uk/news-releases/blocto-launches-1m-polygon-ecosystem-accelerator-to-supercharge-seamless-web3-onboarding-301880845.html
Plug and Play, a global accelerator platform and one of the most active early-stage investors globally, has announced a strategic partnership with Gujarat International Finance Tec-City (GIFT City). Through the partnership, Plug and Play will establish and run the International Fintech Innovation Hub (IFIH), GIFT City’s FinTech Incubator and Accelerator, which aims to foster research and innovation in financial technology, reinforcing GIFT City’s role as a premier global fintech hub.
GIFT City’s MD and Group CEO, Mr. Tapan Ray, said, “Our vision at GIFT City is to drive fintech innovation by creating a climate-resilient, inclusive ecosystem that empowers diverse entrepreneurs and builds workforce competitiveness in emerging technologies. With the support of prominent partners in fintech education and incubation, we are committed to nurturing a new generation of talent that will be well-equipped to meet the needs of an evolving global economy.”
Manav Narang, Head of Financial Services for Plug and Play APAC and Program Lead for the GIFT Incubator and Accelerator added, “We are thrilled to bring Plug and Play’s global expertise to GIFT City. Our vision is to create India’s largest industry-wide fintech program – a collaborative platform where banks, payments corporations, venture capital and corporate venture capital firms, accelerators, and ecosystem partners unite. Together, we aim to catalyze transformative fintech solutions and nurture fintech unicorns that will shape the future of finance in India.”
The program will support fintech startups with resources, mentorship, capital, and networking to navigate and excel globally in the dynamic fintech landscape. The first batch of startups will be unveiled in January 2025.
The post Plug and Play and GIFT City Launch “IFIH,” a Global Fintech Incubator and Accelerator appeared first on .
Doo Group’s brokerage brand, Doo Financial is thrilled to announce its expansion into Indonesia by acquiring a reputable Indonesian broker to expand the business. This move brings its global investment services to local investors. Backed by the strength of Doo Group’s extensive international presence, cutting-edge technology, and 10 years of expertise, Doo Financial is well positioned to support investors at every level.
As a brand encompassing investment services offered by various legal entities within the Doo Group, Doo Financial provides a comprehensive range of global brokerage services. This wide range of products empowers investors to pursue their financial goals.
With a diversified portfolio, Doo Financial empowers investors to navigate various market conditions effectively, manage risks, and focus on long-term growth. This entry into the Indonesian market reflects Doo Financial’s commitment to supporting investors with flexible, high-quality investment options tailored to today’s dynamic financial landscape.
Supervision by International Regulatory Institutions to Ensure Top-Tier Safety
As a global leading finance group, Doo Group has licensed entities regulated by top regulatory authorities worldwide, ensuring a secure and reliable trading environment.
Our global credentials include licenses from the U.S. Securities and Exchange Commission (US SEC), the Financial Industry Regulatory Authority (US FINRA) in the U.S., the Financial Conduct Authority (UK FCA) in the UK, the Australian Securities and Investments Commission (ASIC), the Hong Kong Securities and Futures Commission (HK SFC), Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) in Indonesia. These licenses enable us to provide secure and reliable financial services globally.
Dedication to Shape the Industry with Innovative Solutions
Doo Financial’s expansion into Indonesia brings advanced technology and a global perspective to empower local investors. As an international investment firm committed to secure and seamless trading, Doo Financial offers a diverse range of products and services to help diversify portfolios and open up new opportunities.
This growth elevates opportunities for Indonesian investors by offering seamless access to global markets and advanced trading platforms within a secure and regulated environment. It broadens investment choices and enhances the trading experience, aligning it with international standards and empowering local investors with comprehensive tools and resources for success.
Driven by unwavering commitment, this growth marks a significant milestone in Indonesia’s investment landscape, equipping our clients with the tools to navigate global markets. We remain dedicated to delivering exceptional service, exploring new opportunities, and driving future breakthroughs. With continued support from the FinTech community, we are excited to innovate and shape the future of finance.
Stay updated with the latest insights from Doo Financial. Join our community of empowered investors and let us be your trusted partner!
E-mail: [email protected]
The post Doo Financial Now in Indonesia: Offering Local Investors A Gateway to Global Markets appeared first on .
LIMASSOL, Cyprus , Nov. 15, 2024 /PRNewswire/ — Doo Group is proud to announce that Doo Financial, one of its brands, has been awarded a new license by the Cyprus Securities and Exchange Commission (CySEC). This achievement strengthens Doo Group’s commitment to providing a secure and regulated trading environment for its clients globally.
Expanding Regulatory Reach
The addition of the CySEC license highlights Doo Group’s extensive regulatory framework, which already spans across multiple financial jurisdictions, including the United Kingdom, Australia, Hong Kong and Malaysia. This strategic milestone reflects Doo Group’s dedication to ensuring compliance with international regulatory standards and prioritizing client security. As a European Supervisory Authority, CySEC offers a robust regulatory environment and is expected to enhance client confidence. For Doo Group, this new regulatory milestone reinforces its reputation as a trusted, reliable financial services provider.
“Acquiring the new license from CySEC is a significant milestone for Doo Financial, marking a key step in our ongoing growth and strategic expansion. This achievement not only reinforces our commitment to maintaining the highest standards of regulatory excellence but also solidifies our position as a trusted, reliable financial institution within Europe. By aligning with CySEC’s rigorous requirements, we are better positioned to offer enhanced services to our clients, foster greater transparency, and ensure long-term stability in an increasingly complex and dynamic financial landscape.” Costas Kappai, Doo Financial EU
Strengthening Client Confidence
Doo Financial EU, the European branch of Doo Financial, is now positioned to serve clients across Europe under the guidelines of a European Supervisory Authority. European clients will benefit from CySEC’s regulatory protections, including client fund safety and transparent business practices, ensuring a secure and trustworthy trading experience. This development allows Doo Financial EU to offer its suite of financial services and trading products to a wider audience, backed by the credibility and oversight of CySEC.
By expanding its regulatory reach, Doo Group continues to strengthen its position in the global financial market, enabling clients to trade with confidence. The CySEC license is another step toward achieving Doo Group’s vision of becoming a leader in financial services.
About Doo Group
Founded in 2014 and headquartered in Singapore, Doo Group is an international financial services provider with a focus on FinTech. With operations across 10 major business lines—including Brokerage, Wealth Management, Payments, and Digital Marketing—we are dedicated to delivering comprehensive financial solutions that empower our clients to explore a better future.
View original content:https://www.prnewswire.co.uk/news-releases/doo-group-strengthens-global-reach-with-cysec-license-for-doo-financial-302306893.html
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