It’s been just revealed that ICONLOOP, ICON’ technical partner has been chosen to receive funding from the $100 Million USD Fintech Innovation Fund.
Here’s the tweet that the team shared and made enthusiasts excited.
BREAKING: ICONLOOP, ICON’s @helloiconworld technical partner, has been selected to receive funding from the $100 Million USD Fintech Innovation Fund.
This is a fund of K-Growth, one of Korea’s largest fund-of-funds, supported by the Korean Government. 🇰🇷 #ICX /1 pic.twitter.com/0T5CTVzZUx
— Markus | ICON Hyperconnect P-Rep (@markusjayvc) June 5, 2020
Also, ICONLOOP had a few words to say about this important piece of news:
Regarding the news, ICONLOOP stated:
“ICONLOOP, as the largest blockchain company in Korea with over 140 blockchain experts, has provided blockchain solutions to several major corporations and government entities since 2016.” /3
— Markus | ICON Hyperconnect P-Rep (@markusjayvc) June 5, 2020
The team also said that the from will continue to work hard and lead the way in spearheading blockchain-based initiatives and solutions in the fintech space but also across various other industries as well.
“ICONLOOP’s DID, MyID, which has proven itself as a leading tech and has been selected as an Innovative Financial Service by the Korean Government’s FSC.
Through MyID, we are preparing to bring about innovation to the Fintech industry in Korea.” /4
— Markus | ICON Hyperconnect P-Rep (@markusjayvc) June 5, 2020
As expected, the team got positive feedback. For instance, a Twitter user said: “Such brilliant news! Thanks for sharing Markus – I know the community is very appreciative of you breaking $ICX news like this. Exciting times ahead.”
ICONLOOP is a tech firm that’s based in Seoul, and the company is specialized in the design and implementation of the blockchain technology.
The firm developed its very own engine, loopchain, and a massive range of services are based on it.
ICON is one of the projects that the company has, but it is not owned by it.
