[Blockchain Today Reporter Jang Myung-gwan] The Fincia Foundation was registered as a distributed ledger technology (DLT) foundation in the Abu Dhabi Global Market (ADGM), an international financial free zone in the United Arab Emirates (UAE).
The Fincia Foundation is a foundation corporation established in March 2023 by Line Tech Plus, Line's blockchain business subsidiary, to expand its global Web 3 business in earnest. It aims to popularize blockchain and realize a sustainable token model.
The Fincia Foundation is the first Asian blockchain project to be registered under ADGM's DLT (Distributed Ledger Technology) Foundation regulations. In addition, the Fincia Foundation plans to develop a Web 3 service that global users can use conveniently using the public blockchain Fincia by collaborating with various companies in Abu Dhabi.
“ADGM is developing the most blockchain business-friendly and leading digital asset regulatory environment in the world,” said Youngsoo Ko, Chairman of the Finschia Foundation Council. “We can take a step forward through collaboration with ADGM.” “I expect there will be,” he said.
Meanwhile, the Fincia Foundation has upgraded its own mainnet Fincia to a public blockchain and operates an open blockchain platform that partners and users in various areas can easily use, and the liquidity of the virtual asset 'Fincia (FNSA)' and usability are being expanded.
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