HWGG Capital, a leading blockchain payment solutions provider licensed under Labuan Financial Services Authority (LFSA) Malaysia, is expanding its footprint in the Asia Pacific region with new offices in Dubai, Singapore and Kazakhstan, which is expected to start operations in the first quarter of 2022.
Founded in 2017, HWGG Capital offers digital asset management services through its HWG Cash App platform. HWG Cash is Asia’s first ecosystem that serves as a medium connecting both digital and traditional markets, where it enables traditional companies to scale by expanding their reach globally with ease for accepting cross-border payment using digital currency, which can later be processed into fiat currency for settlement.
“Our move to go beyond Asia Pacific will mark a milestone moment in the growth of our business as we aim to introduce our products and services to the global audiences. This is our key payment platform that spurs the adoption of blockchain for financial services among companies and individuals across the region. Our objective is to provide better support to our customers across Asia Pacific, Middle East, Africa, South Asia, and Europe regions through the establishment of our new subsidiary companies. The advanced framework and well-placed regulatory measures in these countries are integral to create a digital currency-friendly environment.”
The expansion comes at a time when digital currency is gaining more popularity. According to a research paper on Allied Market Research, the market size is expected to reach $5 billion by 2030. Recent developments have shown that the acceptance of digital currency is growing as an official mode of payment and capital investment from international businesses across a wide range of industries.
“We welcome the opportunity to work with companies looking for expertise in offering financial services from digital currency-related space, such as payments & settlements, investment, and remittance, under a secure and protected manner,” added Mr. Mok.