To launch fintech fund, venture builder and corporate innovation programs
- New Location: LATTICE80 is expanding to a new location in the city’s central business district (CBD).
- Expansion: LATTICE80 will expand up to 70,000sqft and 100,000sqft in Singapore in stages.
- Fintech Fund & Venture Builder: LATTICE80 will launch its own fintech fund and venture builder.
SINGAPORE, Oct 30, 2017 — LATTICE80, the world’s largest fintech hub headquartered in Singapore, is moving to a new location in the city’s central business district (CBD). It plans to further expand the new space to 70,000sqft and then 100,000sqft in stages. The move cements LATTICE80 as the largest fintech hub and support its plan to build the biggest fintech community globally.
While LATTICE80 has to date focused on providing a coworking space to fintech startups in Singapore, going forward it will focus on several new business models. It will launch its own fintech fund and Venture Builder, and offer innovation programs to corporates and governments.
Joe Seunghyun Cho, Founding CEO of LATTICE80 and Chairman of Marvelstone Group, said: “We are very pleased to expand our presence in Singapore to a new location in the CBD. This is in line with our global expansion efforts that will see us opening hubs in strategic locations around the world including New York, London and other cities in Europe, the Middle East and North Africa (MENA) and Asia. Our goal remains to connect the world’s fintech ecosystem for the benefit of all stakeholders: startups, corporates and financial institutions, governments and the public.
LATTICE80 recently also announced plans to conduct an initial coin offering (ICO) by 2018 in efforts to support institutional investors and regulators to build a regulated platform, and to support open source projects and startups.
Marvelstone Group, the private investment firm that backs LATTICE80, recently announced plans to open an Artificial Intelligence (AI) hub in Singapore and other cities. At the same time, it is exploring the possibility of opening hubs for other sectors. In addition to fintech, this would cover the key sectors in the Smart Nation push being pursued by the Singapore Government.