[Press_Release] Wemade Makes a Strategic Investment In Kasa, a Blockchain-based Proptech Startup
#Wemade #WEMIX #Kasa #proptech #blockchain #investment
- Strategic Investment In Kasa, a blockchain-based proptech startup
- Micro investment with as little as 5,000 KRW can be made in commercial buildings
- Kasa aims to expand to other Asian countries including Singapore
Wemade made a strategic investment in Kasa, a blockchain-based proptech startup. Proptech, short for property technology, is the application of information technology and platform economics to the real estate market. Wemade has been actively investing in the blockchain industry.
Kasa is a dedicated platform for trading DABS (Digital Asset-Backed Securities), where participants can make micro investments in commercial buildings. A 5,000 KRW investment can buy a share of DABS, and investors can receive quarterly dividends, and potential capital gains, should the building ownership change hands.
Kasa, founded in April 2018, qualified as an “Innovative Financial Service” by the Financial Services Commission. After closing the inaugural public offering with Yeoksam Londonville in November 2020, the company recently closed its third public offering with Korea Technology Center.
Recently, Kasa obtained the Capital Market Service(CMS) and secondary trading licenses from the Monetary Authority of Singapore(MAS), and aims to establish an exchange in Singapore in the first half of 2022. With Singapore as a foothold, Kasa plans to become the most notable, global proptech startup.
“DABS will be the future of all real assets alongside NFTs,” said Henry Chang, CEO of Wemade. “We hope this investment will create a meaningful synergistic impact on both parties’ blockchain business.”
WEMIX is Blockchain Gaming Platform developed by Wemade Tree Pte. Ltd, providing services including Cryptocurrency Wallet, Token Exchange, Game Item Trade and Game Gateway. Wemade Tree Pte. Ltd is subsidiary of Wemade, the Developer and Owner of “The Legend of Mir” IP, highly successful game with over 500 Million users.
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