BlockchainBrinc announces partnership with Fusang

To make startup investment more inclusive through security tokenization and on-chain solutions
PRNewswire PRNewswireOctober 18, 20227 min
  • Brinc becomes a shareholder in Fusang Corp, furthering a relationship that also sees Fusang coming onboard as a program partner for ZK Advancer (formerly Launchpad Luna), the accelerator launched by Brinc and Animoca Brands
  • ZK Advancer participants will gain access to Fusang’s industry expertise, personalized mentorship, and its single platform tokenization solution
  • Participants may also list on Fusang’s public or private market, which is fully regulated with a digital asset exchange licenced in Labuan, Malaysia
  • Brinc and Fusang Digital Asset Exchange strive to drive equality and make investment more inclusive by leveraging blockchain technology and unlocking the use of a regulated Exchange.

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 licenced 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.

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.

Additional private sessions will also be available for startups seeking to tokenize their equity and list on Fusang Digital Asset Exchange. This offering provides the ability for startups from the ZK Advancer cohort to issue security tokens directly representing their underlying equity without any upfront fees nor the need to create a separate corporate entity.

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.

Manav Gupta, founder and CEO of Brinc, said “Brinc’s partnership with Fusang will enhance tokenization and fractionalization, markedly improving inclusivity in asset investment by lowering the bar for ownership, while improving transparency and reducing administrative costs and the chance of human error. Tokenization enables users to keep important records, and can provide people with access to what is forecast to become a US$16.1 trillion market by 2030. Without having to worry about capital or proof of ownership – with zero knowledge proofs improving security and privacy – companies, meanwhile, will be able to focus on their business and ESG goals and reporting, which will similarly be enhanced when on chain.”

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”

Startups interested in the ZK Advancer accelerator program can sign up with Brinc here, and will be notified when the next call-out opens.

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