— Toward Building a Sustainable Financial and Economic Infrastructures through Decentralized Technologies —
UPCX-Platforms Pte. Ltd. (“UPCX”), Paycle Inc. (“Paycle”), and NTT Digital, Inc. (“NTT Digital”) have signed a Memorandum of Understanding (MOU) to promote joint research and collaboration on advanced technologies including blockchain, as well as other cooperative initiatives.
Background and Purpose
The advancement of blockchain technology is rapidly accelerating, and it is increasingly being recognized as a potential alternative to traditional centralized payment systems, offering a new form of financial infrastructure with greater transparency.
The three parties have agreed to collaborate in promoting joint research and technological development based on the UPCX blockchain, as well as raising its recognition in the Japanese market, with a shared commitment to contributing to the development of a sustainable financial and economic infrastructure through decentralized technologies.
Main Collaboration Areas
| Company Name | Main Collaboration Areas |
|---|---|
| UPCX | ･ Operation of the UPCX blockchain, the fostering of its ecosystem, and related initiatives |
| Paycle | ･ Providing technical information on the UPCX blockchain ･ Supporting the refinement of technical specifications and the development of technical interfaces such as SDKs and APIs |
| NTT Digital | ･ Engaging in discussions regarding the provision or potential market introduction of UPCX blockchain infrastructure capabilities designed to support practical use cases for corporate clients, particularly financial institutions and crypto asset exchanges. ･ Supporting promotional initiatives for the UPCX blockchain. |
Future Development
Through this collaboration, UPCX, Paycle, and NTT Digital will leverage their respective networks to identify and build relationships with business operators responsible for undertaking the development and real-world implementation of application layers within the UPCX ecosystem.
Company Information
【UPCX-Platforms Pte. Ltd.】
Address: 8 MARINA BOULEVARD #11-01/02, MARINA BAY FINANCIAL CENTRE, SINGAPORE
Official Website: https://upcx.io/
UPCX-Platforms Pte. Ltd. is developing “UPCX,” an open-source payment system leveraging high-speed blockchain technology. Its mission is to provide a payment system that meets the ever-evolving needs of society and to make payments more enjoyable and exciting.
【Paycle Inc.】
Address: Tenjin Business Center 15 F, 1-10-20 Tenjin, Chuo-ku, Fukuoka-shi
Official Website: https://www.paycle.com/
Paycle is engaged in research and development in the fields of blockchain, fintech, AI, and quantum-resistant cryptographic algorithms. Since its founding in 2018, the company has pursued a mission to create a better future through the power of technology.
【NTT Digital, Inc.】
Address: Sanno Park Tower 10F, 2- 11 -1 Nagatacho, Chiyoda-ku, Tokyo
Website: https://nttdigital.io
As a member of the NTT DOCOMO Global Group, NTT Digital is globally promoting the social implementation of cutting-edge digital technologies by creating an environment where individuals and businesses can easily and securely utilize blockchain and other advanced technologies as a web3 enabler.
*The collaborations and other matters described in this press release are forward-looking statements based on current expectations and are subject to change in the future.
*This press release is not intended to constitute, and should not be construed as, an offer, solicitation, or recommendation to invest in or engage in any trading activity.