ModulTrade partners with leading law firm Colin Ng & Partners for licenced presence in Singapore.

ModulTrade has appointed Colin Ng & Partners LLP (CNP) Law as legal advisor on Singapore law to advise ModulTrade on the establishing their presence in Singapore. CNP Law provides Singapore law advice across Asia. Singapore is well-positioned as a hub for trade, services and investment flows into Asia and as a forum for arbitration and litigation of international disputes.

Having successfully launched ModulTrade’s products in China earlier this year, ModulTrade are embarking on their next mission to expand further into the Asian market. Plans are in place to set up ModulTrade in Singapore to operate a fully licensed infrastructure for both the MT Market and MT Wallet.

The presence of ModulTrade will allow even more users to access global trade on the blockchain, providing a secure and safe process for both buyers and sellers. On the MT Market, users in Singapore will be offered a new opportunity to trade goods between markets, with payments made through the recently upgraded MT Wallet using the token MTRc. Listed on Livecoin, IDEX and LAToken the MTRc can be securely purchased to make simple and effective trade transactions on the blockchain.

Singapore is one of the world’s leading economic and trade hubs, with regulated trade agreements between markets such as Malaysia, India, Chile and the United States. The country is also renowned for encouraging development of businesses. With ModulTrade products being made available, and most importantly developed with due diligence and rigour with CNP, smaller businesses in the region will have an opportunity to trade with freedom and grow their operations.

Commenting on the partnership and growth into Singapore, Evgeny Kaplin, ModulTrade Co-Founder and CEO, said:

“We recognise Singapore as one of the key trade hubs in the world. By working with CNP, we can tap into this market with solid legal advice to allow ModulTrade to operate as a fully licensed entity. This is extremely important and in parallel with our global mission of using blockchain technology to make trade flows accessible by all businesses, no matter their size, on a secure and safe platform.”

Best,

MT Team

Democratizing Global Trade with Blockchain technology.