Singapore-based Union Fintech has introduced Union Chain, a blockchain platform integrating ZKsync technology. This initiative has gained support from several regulated exchanges and tokenization platforms across Southeast Asia, including Coinhako, Indodax, Coins.ph, Coins.co.th, InvestaX, and IXSwap.
Union Chain is designed to bridge the gap between centralized cryptocurrency exchanges and real-world asset (RWA) tokenization. Through this framework, the platform facilitates the issuance and trading of tokenized financial products, enhancing accessibility and liquidity in digital finance.
Focus on Tokenization, Remittances, and Enterprise Adoption
The testnet phase of Union Chain will prioritize RWA tokenization, cross-border remittances, and enterprise-level adoption. Licensed firms will oversee the structuring and tokenization of assets, ensuring regulatory compliance and operational efficiency. By integrating ZKsync technology, the platform aims to address fragmentation and scalability concerns, thereby optimizing transaction efficiency.
With this approach, Union Chain is positioned to provide access to a broad network of over 20 million verified users across Southeast Asia. The initiative represents a significant step toward streamlining digital asset adoption and expanding the utility of blockchain technology within regulated financial ecosystems.
