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Monthly Update: March 2022

Scallop made substantial progress over the first quarter of 2022. As we enter Q2, we want to share some of our exciting achievements so far. Our team is now 52 people strong and we are working everyday to ensure customer satisfaction by providing a simple and smooth journey with our products.

The waitlist to download the Scallop App is now open! Individuals and Institutions can join the list, in order to download the App upon its launch this Spring.

Users can distribute their referral codes to their family and friends for a chance to move further up in the list.

Join the waitlist NOW:

Scallop successfully launched Scallop Learn, an exclusive educational platform to help users navigate the world of cryptocurrency, DeFi, blockchain and more. Scallop Learn highlights our commitment to engage and educate the wider public. It aligns with our mission to bring digital assets further into the mainstream.

Visit Scallop Learn here:

We selected 10 ambassadors from a pool of 1000+ global participants for our ambassador program. The ambassadors have begun to represent Scallop on social media and help our brand grow.

We will shortly be opening the application form again for a new cohort of Scallop Ambassadors!

Scallop celebrated the social, economic, cultural and political achievements of women this International Women’s Day.

We hosted a Twitter Spaces session to discuss women working in the crypto and blockchain industry. Our employees were joined by women leaders in different companies in the crypto and DeFi ecosystem. Guests and hosts celebrated women in the industry and talked about their career experiences so far and how other women can enter the sector too.

Users can now trade SCLP on various exchanges:

  • MEXC Global

Join the waitlist now:

Tech Update

1. Securing the integration of KYC ensuring the user onboarding process is more secure by using our KYC verification with AML, PEPs and sanctions, Data-extraction, Face Match, POA, Liveness checking, Profile Checking.

2. Added GBP currency accounts alongside EUR accounts

3. Accomplished account creation for GBP and EUR for non-business ( individual) users

4. Integrated Sentry for crash analytics documentation.

5. Integrated COP (confirmation of payee) functionality before adding the payee with us.

6. Information populated over our CMS website with KYC details.

We would like to thank all of our supporters through this journey. We are excited to bring you the Scallop App this Spring! Stay tuned for more project news and updates!

Scallop is a licensed & regulated banking institution offering a comprehensive suite of innovative banking products. Scallop’s next-generation products were launched to approximately 1.5 billion potential customers in the UK, EU, Canada, and UAE, where Scallop currently holds banking and crypto licenses. There are plans underway to expand into other regions soon.

To learn more about Scallop, visit



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