Latest news with #MichaelZhao
Fintech News ME
20-05-2025
- Business
- Fintech News ME
Klickl, WeBank and Goldford Group Partner to Drive Cross-Regional Fintech Innovation
Klickl, a regulated Web3 financial services provider, has signed a tripartite MoU with WeBank, a digital bank from Mainland China, and Goldford Group, an innovation-focused conglomerate in Hong Kong. The agreement sets out to create a cross-regional fintech innovation alliance connecting Mainland China, Hong Kong, and the Middle East. The MoU was signed during an official visit to Qatar by a delegation from Hong Kong and Mainland China, led by Hong Kong Chief Executive John Lee. This collaboration represents the first structured initiative linking fintech ecosystems across the Greater Bay Area and the Middle East. Klickl contributes its regulatory knowledge and experience in Web3 financial services within the Gulf region. WeBank provides technological expertise from Mainland China, while Goldford Group supports integration across Hong Kong's innovation landscape. The alliance will focus on several areas including the development of a blockchain and AI incubation platform, support for startup acceleration between Asia and the Middle East, delivery of next-generation financial services for cross-border applications, digital transformation support for traditional financial institutions, localisation of fintech solutions for Gulf markets, and the exploration of quantum technology for financial use cases. 'This partnership is more than symbolic, it is strategic,' said Michael Zhao, Founder and CEO of Klickl. 'As the only homegrown Web3 financial services provider in the region, we are proud to help bridge capital, compliance, and technology across three economic hubs. This alliance reflects not only our infrastructure readiness, but also the trust we've built with institutions across Asia and the Middle East.' Klickl is licensed by the Abu Dhabi Global Market (ADGM) under its Financial Services Permission (FSP) and holds Virtual Asset Service Provider (VASP) registration in the European Union. The firm provides Web3-native financial services including digital wallets (Klickl4U), institutional accounts (KlicklONE), payment infrastructure (KlicklPay), stablecoin services, asset custody, and trading infrastructure. It has also participated in official economic delegations to Malaysia, Poland, and Japan.
Arabian Business
05-02-2025
- Business
- Arabian Business
Klickl teams up with IMKAN Properties to enable cryptocurrency payments in UAE real estate market
Klickl, the UAE-based Web3 financial platform, announced a collaboration with IMKAN Properties, an Abu Dhabi-based global real estate master developer, to facilitate property purchases through cryptocurrency. The collaboration will allow IMKAN to offer its clients the option of converting cryptocurrencies, including Bitcoin, Ethereum, and stablecoins like USDT for use to invest in premium real estate. The collaboration reflects a growing demand for alternative payment solutions in high-value sectors like real estate, particularly from international investors who seek secure, fast, and flexible options, the company said. By offering Klickl's cutting-edge cryptocurrency payment processing system, IMKAN aims to provide customers with seamless access to these capabilities, making it easier for them to invest in premium real estate across the UAE. 'Our collaboration with IMKAN aligns with our mission to extend the benefits of Web3 technologies into everyday business transactions,' said Michael Zhao, CEO of Klickl. 'From cross-border remittances to real estate investments, digital currencies offer an unmatched level of convenience, transparency, and efficiency. By supporting IMKAN's customers with both crypto payment acceptance and fiat conversion, we are creating a model that other real estate companies can adopt to attract a new generation of buyers,' he said. As part of the initiative, the two companies will establish a dedicated task force to oversee the rollout of the offer to use crypto for real estate payments. This group will focus on optimizing the customer experience and gathering feedback to refine the offering over time. The long-term vision includes expanding the use of digital finance tools across IMKAN's full range of projects, from luxury residential developments to large-scale commercial properties. 'The UAE is rapidly emerging as a major crypto hub driven by the region's welcoming regulatory environment and its proactive approach to supporting the digital asset sector,' said Suwaidan Al Dhaheri, CEO of IMKAN Properties. 'Together with Klickl, we are helping to ensure that the UAE will remain a leader and not a follower in digital currency proliferation,' he said.
