- Lynx Global (LYNX) has partnered with Copper.co, a leading crypto asset gateway and custody provider
- The companies plan to offer greater financial inclusion to Southeast Asia’s unbanked population starting with the Philippines
- Copper.co will provide secure custody and institutional crypto asset trading solutions to Direct Agent 5, a Lynx subsidiary based in the Philippines
- DA5’s status as a trusted fintech provider in the Philippines makes it an ideal vehicle for the partnership
- Lynx Global Digital Finance Corporation provides financial technology, solutions and services to large-scale merchants, financial institutions and other B2B industry partners
- Lynx Global (LYNX) closed up by 7.69 per cent trading at $0.28 per share
Lynx Global (LYNX) has partnered with Copper.co, a leading crypto asset gateway and custody provider.
Copper.co offers institutional custody, prime brokerage and settlements across 250 digital assets and more than 40 exchanges.
The companies plan to accelerate financial inclusion for Southeast Asia’s unbanked population starting with the Philippines.
Copper.co will provide secure custody and institutional crypto asset trading solutions to Direct Agent 5, a Lynx subsidiary with operations in Australia and the Philippines.
DA5 is an established, well-recognized fintech provider in the Philippines primed to extend its services to the unbanked. Its national presence and trusted brand encompass remittance, cash-in/cash-out locations and bill payments.
Upon approval from the Philippine Central Bank, DA5 will be able to offer cash digitization services through an Electronic Money Issuer License and convert virtual assets to fiat currency through a Virtual Asset Service Provider License.
Michael Penner, Lynx Global’s CEO, stated,
“At Lynx, we are pleased to help play a pivotal role to enable and facilitate the digital transformation of the financial sector in underserved markets. The Southeast Asia region holds immense opportunities in the digital economy, digital payments and digital asset adoption. To date, almost 500 million people lack any form of financial service offerings, and within Southeast Asia, it is cited that more than 290 million adults are unbanked.
With this partnership, our business is well-positioned to take advantage of the tremendous growth opportunities that are available for our unmatched products to reach large, unserved populations. By combining Copper.co’s globally recognized institutional-grade crypto asset custody solution with Lynx’s expanding regional local payment and financial infrastructure network, we can ensure easy access to financial services for all our customers.”
Alex Ryvkin, Copper.co’s Chief Product Officer, added,
“We’re delighted to be supporting this fast-growing network. As Lynx Global expands their reach in the Southeast Asia region, we look forward to supporting them as they further their cryptocurrency offering and expand on their goals of providing more services for financial inclusion to serve the growing customer base that is becoming more educated and sophisticated in the use of technology and finances.”
Lynx Global Digital Finance Corporation provides financial technology, solutions and services to large-scale merchants, financial institutions and other B2B industry partners.
Lynx Global (LYNX) closed up by 7.69 per cent trading at $0.28 per share.