Note from the Publisher: Bold claims are often made in the media that may or may not be accurate. We recently learned that Asian investment firm Marvelstone is said to be opening the “largest fintech hub in the world” in Singapore, with a new 30,000 sf facility that will open in November, 2016 named Lattice80 to assist fintech startups. Whether or not it is the largest of its kind, it is nevertheless noteworthy that this is happening in Singapore, and away from US or European shores.
“MarvelStone, an Asian private investment group, announced today that it is opening a fintech hub spanning over 30,000 square feet in Singapore in November. The 30,000 square foot facility, said to be the world’s largest, is called Lattice80 and will be located in the Central Business District, near the city-state’s stock exchange, major financial institutions and regulators.
Joe Seunghyun Cho, Chairman of Marvelstone Group, commented: “We think Singapore is the right place for a global Fintech Hub for a number of reasons. Singapore, being a traditional financial and trading hub, has the legal infrastructure and access to global investors that budding fintech companies would look for.”
Singapore has the legal infrastructure and access to global investors that budding fintech companies look for. Lattice80 will help fintech startups prototype, develop and expand their business models abroad, support traditional companies in adopting innovation and form tie-ups with the government for new fintech infrastructure.”