Korean Smart Technologies Giant Hanwha Systems Invests in Swiss Blockchain Company Lykke

ZUG, Switzerland - April 16, 2020 - PRLog -- Lykke is pleased to announce that Hanwha Systems – a division of the South Korean Hanwha group founded in 1952 – has made a strategic investment in Lykke's leading blockchain-based Fintech company and cryptocurrency exchange.

This strategic investment will provide a platform for both companies' future plans for growth in the global blockchain business.

Richard Olsen, Lykke Corp CEO, stated: "A young company like Lykke operating out of Switzerland needs a partner in Asia, who has built a strong team and a reputation committed for perseverance and quality. We have now worked with Hanwha for more than a year. We are thrilled to partner with Hanwha, they are a perfect match!"

Lykke is a Blockchain based fintech company building a global marketplace for the commission free exchange of any kind of digitized assets. Lykke was founded in 2015 and has been verified by Blockchain Transparency Institute (https://www.bti.live/exchanges/) as one of the few crypto exchanges not involved in wash trading. Lykke offers trading of a wide range of cryptocurrencies, 21 fiat currencies, commodities and unique instruments for managing clients' investment portfolio such as the LyCI (https://info.lykke.com/) product offerings. More information about the company and its vision is available on its official website (https://www.lykke.com/).

Hanwha Systems (https://www.hanwha.com/en/products_and_services/affiliates/hanwha-systems.html) has actively been involved in the blockchain industry since 2018. The company has launched an Ethereum-based blockchain platform called "H-chain." The H-chain is a unique platform that can help entities that want to launch blockchain services.

A Hanwha Systems official has stated: "We started in the blockchain business in 2018 and are still looking for a business model that fits the industry,". "We will develop companies that want blockchain services to make various businesses applicable through H-chain, and as part of this, we have also invested in the 'fintech' sector."

This is an important next step in the partnership between Lykke (https://www.lykke.com/) and Hanwha. It marks a further enhancement of the synergies between the modern and innovative approach of the Swiss startup with the proven track record of quality and experience of the established Asian conglomerate.