FinTech Hub Lattice80 To Launch Blockchain Accelerator In Hong Kong

Blockchain, News | November 2, 2018 By:

London-based FinTech hub Lattice80 will be creating a new blockchain accelerator in Hong Kong.

Lattice80 is one of the world’s largest FinTech hubs with a global network of FinTech and blockchain startups.. It aims to create an ecosystem for FinTech startups, corporates/financial institutions, governments, and the public to collaborate, learn, and co-create. It is committed to utilize blockchain technology for developing solutions that have a positive social impact.

Announced at the Hong Kong FinTech Week, the SDG Blockchain Accelerator will focus specifically on blockchain startups building FinTech solutions that are in sync with the United Nations’ Sustainable Development Goals (SDG). SGDs address the global challenges we face, including those related to poverty, inequality, climate, environmental degradation, prosperity, and peace and justice.

Selected startups will be working with Lattice80 at its recently launched FinTech Hub in Hong Kong, which is situated around the Science Park and the Chinese University of Hong Kong (CUHK). Lattice80 said the Hong Kong FinTech Hub is already receiving applications and will host the first batch next year.

Joe Seunghyun Cho, Founder and Founding CEO of Lattice80, said that their focus is on the unbanked and underserved markets, adding that there are 2 billion people that remain unbanked in the world, and one third of the population is underbanked even in a developed country like US.

“We believe blockchain is the key technology to build next generation financial services and a great solution to help bring financial inclusion,” Cho said.

Cho said Hong Kong is the perfect location to build the FinTech Belt and Road, which covers markets with the most potential.

“We also believe emerging markets will bring reverse innovation to solve their own problems and build the next generation financial services in the traditional markets,” Cho said. “AliPay & WeChat in China and M-Pesa in Kenya are best examples.”