Hanwha Systems has made a strategic investment in Lykke, as outlined in a press release. The investment is designed to accelerate growth at both companies.
Lykke is headquartered in Zug and operates a digital marketplace for cryptocurrency trading. Hanwha Systems has launched a blockchain platform on the basis of Ethereum by the name of H-Chain on the market, with the aim of aiding companies seeking to introduce blockchain offerings to their service portfolio.
The two companies had actually already been working together for a year. The investment will serve to reinforce the synergies between Lykke’s innovative approach and the quality and experience that this established Asian company can bring to the table.
“A young company like Lykke operating out of Switzerland needs a partner in Asia, who has built a strong team and a reputation committed for perseverance and quality”, explains Richard Olsen, CEO of Lykke, in the press release.
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