Brinc Partners with Asia's First Fully Licensed and Regulated Digital Exchange Fusang

Brinc, a leading global venture accelerator founded on a sustainability mandate, announces its partnership with Fusang Corp, owner and operator of Asia's first fully licensed and regulated digital exchange for security tokens and assets, to make startup investment more inclusive by leveraging blockchain technology and unlocking the use of a regulated digital asset exchange, wholly owned by Fusang Corp, namely Fusang Digital Asset Exchange.

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Fusang will join as a new program partner under ZK Advancer (formerly Launchpad Luna), the virtual accelerator established in mid-2021 as a partnership between Brinc and Animoca Brands, the company advancing digital property rights for gaming and the metaverse. As part of this partnership, Brinc will become a shareholder in Fusang Corp.

Fusang, in turn, will provide advisory services to ZK Advancer startups, commencing with the upcoming cohort. All participating startups will have access to educational sessions from Fusang on the process of security tokenization, as well as navigating the path to private or public listing on a digital exchange.

In addition, Fusang's affiliated company Portcullis — one of Asia's largest company management and secretarial services firms — may also act as a key facilitator in assisting startups by offering access to corporate management counsel and strategic advisory services, if needed.

Henry Chong, CEO of Fusang, said: "We are excited to partner with Brinc in support of ZK Advancer and to have them onboard as a shareholder in Fusang Corp. This truly evidences our shared belief that startups, by their very nature, are the best issuers on a digitally native exchange. Through this partnership, Brinc and Fusang — both technology disruptors — will evolve into capital market disruptors; disintermediating traditional capital market processes, towards creating a more inclusive and equitable system for all. And as a fully licensed and regulated entity, Fusang Digital Asset Exchange provides for a safe and reliable listing venue."

Source: Finextra