Morpheus Labs, a Singapore-based Blockchain Platform-as-a-Service (BPaaS) and app marketplace announced its latest strategic partnership, this time with startup cryptocurrency exchange, ECXX.com.
Built from the ground up by a Singaporean team, ECXX has set its sights on receiving a license as a Recognised Market Operator. Currently, the exchange is undergoing rigorous testing before its launch next month.
While the specific terms of the partnership remain undisclosed, Morpheus Labs and ECXX are reported to have put in place a profit-sharing agreement. Additionally, the ECXX team has appointed Branson Lee, co-founder, and Director of Morpheus Labs to act as CEO of the exchange.
“We see this partnership as the next step in strengthening our core offerings for our customers. At the end of the day, as we push for the adoption of blockchain via use cases in different industries, we cannot neglect the fact that the world is moving towards asset tokenization that could top trillions in market size. I will remain an integral part of Morpheus Labs and is very much involved in the day-to-day affairs. The exchange will take some effort of course but it will be a concerted effort that will contribute to Morpheus Labs’ coffers at the end of the day.”