Joining hands with Ellipti to Enter the Korean Market
- Convergence Finance’s partnership with leading Korean crypto ecosystem builder Ellipti, following investment from leading Korean venture capital Hashed, marks the beginning of its strategic Korean market entry.
- The Korean crypto community is a fertile target market for Convergence Finance to bring exclusive investment exposure due to its sophisticated user base and high adoption levels.
- The partnership is announced ahead of Convergence Finance’s testnet launch in early Q2 2021.
Convergence Finance has partnered with Ellipti, a leading Korean crypto community ecosystem builder to enter the Korean market. Ellipti is an end-to-end crypto community builder that provides support to their partners from inception to growth, engagement and sustained branding and connection. The Ellipti approach is highly proactive with extensive global networks both on and offline events to build sustainable and long lasting presence. Convergence Finance will be working closely with Ellipti to consolidate and connect with the Korean crypto community.
The Korean market has been prioritised by Convergence Finance due to its high levels of crypto adoption and sophisticated users. Specifically, trading activity in the Korean crypto community is higher than the global average; for the first time in 2021 crypto trading rate in South Korean crypto exchanges exceeded that of the country’s stock market. The Convergence Finance vision is not just to enable deeper liquidity for private investment through DeFi trading, but also to enable accurate price discovery through increased liquidity and trading. With Ellipti’s localised knowledge and distinct branding capabilities, Convergence Finance sets sights on winning over the Korea market.
John Kwak, Co-Founder on Ellipti adds, “The Korean market is highly active in crypto trading as exemplified by the ‘Kimchi Premium’. The Convergence vision of making real world assets tradable for DeFi and crypto users certainly has the potential to gain traction with the right business development and community presence. We look forward to working with Convergence Finance to make this a reality.”
About Convergence Finance
Convergence is the first AMM to make private token interchangeable in the DeFi space by fractionalizing them using a single easy-to-use interface and composable with other DeFi protocols. Convergence enables originators to take advantage of DeFi’s liquidity, while DeFi users can access exotic private exposure unavailable to them before. Convergence Finance combines the edge of a lowered investment entry barrier with the liquidity, automation, and transparency features of DeFi to bring exclusive investment exposure to all DeFi users.
Official Links
Website / Telegram / Twitter / Litepaper
About Ellipti
Ellipti is a cross-border accelerator, building an ecosystem with solid founders and teams to navigate the market with excellence based on the right strategy and implementations in the Korean and APAC markets. Focusing on the importance of actual ‘execution’, Ellipti engages with the team’s growth from start to end, assessing the current status, bring up the best strategy, and carry out with the team to achieve its full potential. Based in South Korea, Ellipti has worked with numerous solid projects as a robust bridge in GTM (Go-To-Market) Advisory / Community Growth / Marketing & PR / Business Development / Investment.
