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Gobi Ventures invests in Transak to expand Asia's compliant stablecoin and digital asset payment infrastructure.
ME News message, April 9 (UTC+8). According to official news, Gobi Partners announced its investment in global payments infrastructure provider Transak to support the expansion of compliant stablecoin and digital asset payment services in Asia. Transak was introduced as having been founded in 2019 and provides a regulated payments layer that enables two-way conversion between fiat currency and digital assets via a single API, covering KYC, anti-money laundering, risk monitoring, licensing requirements, and local payment integrations. The company has obtained 21 regulatory approvals in the United States, the United Kingdom, the Eurozone, Australia, Canada, and India, and is set to expand to the Middle East, Latin America, and the Asia-Pacific region. Transak has set its Asia-Pacific headquarters in Hong Kong and plans to deepen integration with regional payment networks and banking partners. (Source: PANews)