1 week ago
3885
published: May 7, 2024 at 05:57 PM GST
May 7, 2024 at 05:57 PM GST 2 mins read Latest News
- EMURGO and GSR partnership strengthens Cardano’s ecosystem with liquidity and market-making support.
- GSR’s approval for a Digital Payment Token Service license from MAS underscores its credibility.
- The collaboration aims to attract developers and enterprises to Cardano while enhancing educational programs.
A strategic partnership was recently formed between Japan-based blockchain company EMURGO and global cryptocurrency trading firm GSR. The partnership will develop the Cardano blockchain ecosystem by offering more liquidity, improved market-making capabilities, and better integration between Cardano projects. EMURGO is looking to leverage a wide range of GSR’s services to strengthen venture investment opportunities within the Cardano network and educational programs.
Read CRYPTONEWSLAND on
google news
Boosting Cardano’s Ecosystem Development
EMURGO, a founding entity of Cardano, is looking to develop a stronger Web3 system. GSR, a major participant in digital asset markets, will offer liquidity provisioning and market-making support for projects on Cardano. The partnership aims to attract more developers, enterprises, and users to the Cardano blockchain and, in turn, diversify its ecosystem.
📣 We are excited to announce our next step to support the expansion of the Cardano ecosystem through a strategic relationship with @GSR_io, the first crypto market maker to receive a Digital Payment Token Service license from the Monetary Authority of Singapore (MAS).
📈 GSR’s… pic.twitter.com/JFNMsdxMmI
GSR’s Singapore arm, GSR Markets Pte. Ltd., received recently had been an approval for a Digital Payment Token Service license from the Monetary Authority of Singapore (MAS) which made it the first digital asset market maker to receive such recognition.
Comments from Leadership
Chief Executive Officer of EMURGO, Ken Kodama, welcomes the partnership with GSR and emphasizes the importance of GSR’s strong market-making expertise in speeding up Cardano’s growth. He said, “GSR’s wealth of experience, expertise, and deep resources will enable Cardano builders and projects to develop and scale their Web3 products to potential Web3 users while fostering an even more robust Cardano ecosystem moving forward.”
CJ Fong, EMEA Business Development Head at GSR, has also expressed his enthusiasm for the collaboration, saying, “We look forward to supporting the next phase of growth through unique investment opportunities and education initiatives within the Cardano community.”
Read Also:
Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
English (US)